Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110453
Authors: 
Czarnitzki, Dirk
Delanote, Julie
Year of Publication: 
2015
Series/Report no.: 
ZEW Discussion Papers 15-032
Abstract: 
This paper evaluates the current focus of EU policy makers on small and medium-sized, young independent firms in high-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared between independent high-tech young firms (NTBFs), independent low-tech young firms (LTBFs) and their non-independent counterparts. A treatment effects analysis reveals that full crowding-out with regard to public funding is rejected for all firm types. However, the treatment effect is highest for independent high-tech firms. The indirect effect of subsidies on R&D output is evaluated within a patent production framework. These results show that independent high-tech firms have no lower output effects than other firms and thus suggest that the current policy focus on certain firm types is not ineffective.
Subjects: 
R&D
subsidies
NTBFs
policy evaluation
treatment effects
patents
JEL: 
H25
M13
O31
O38
Document Type: 
Working Paper

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