Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68226
Authors: 
Hottenrott, Hanna
Lopes-Bento, Cindy
Year of Publication: 
2012
Series/Report no.: 
ZEW Discussion Papers 12-086
Abstract: 
This study analyses the effectiveness of targeted public support for R&D investment. In particular, we test whether the specific policy design aiming at incentivizing (international) collaboration and R&D in small and mediumsized firms achieves the desired objectives on input as well as output additionality. Our results show that the targeted R&D subsidies accelerate R&D spending in the private sector, and especially so in the targeted groups. Further, we differentiate between privately financed R&D and subsidyinduced R&D investment to evaluate their respective effects on innovation performance. The results confirm that the induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, we find that the effect of subsidy-induced R&D investment is higher for firms that collaborate internationally as well as for SMEs.
Subjects: 
Innovation Policy
Subsidies
R&D
SMEs
International Collaboration
Treatment Effects
Innovation Performance
JEL: 
C14
C30
H23
O31
O38
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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