Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104809
Authors: 
Beck, Mathias
Lopes-Bento, Cindy
Schenker-Wicki, Andrea
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers 14-106
Abstract: 
This study investigates the efficacy of public R&D support. Compared to most existing studies, we do not stop at substitution effects or general innovation outcome measures, but we are interested in knowing where the policy effect is highest: on innovation close to the market (i.e. incremental innovation) or on innovation that is still far from the market and hence more risky and radical. Using firm level data from the period 1999 to 2011, we find that the policy hits where the market failure is highest, that is, for radical innovation. Taking into account that the Swiss funding agency encourages collaboration, we find no evidence that the impact of the policy is positively effected by various R&D collaboration patterns.
Subjects: 
R&D subsidies
collaborative innovation
diversity
innovation performance
radical innovation
incremental innovation
policy evaluation
treatment effects
JEL: 
C14
C30
H23
O31
O38
Document Type: 
Working Paper

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