Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142185
Authors: 
Czarnitzki, Dirk
Delanote, Julie
Year of Publication: 
2016
Series/Report no.: 
ZEW Discussion Papers 16-045
Abstract: 
This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon-Duguet-Mairesse (CDM) model. Our results largely confirm insights of the input additionality literature, i.e. public subsidies complement private R&D investment. In addition, results point to positive output effects of both purely privately funded and subsidy-induced R&D. Furthermore, we do not find evidence of a premium or discount of subsidy-induced R&D in terms of its marginal contribution on new product sales when compared to purely privately financed R&D.
Subjects: 
CDM model
R&D
subsidies
innovation policy
JEL: 
C14
C30
O38
Document Type: 
Working Paper

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