Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/88449
Authors: 
Hottenrott, Hanna
Lopes-Bento, Cindy
Year of Publication: 
2013
Series/Report no.: 
DICE Discussion Paper 121
Abstract: 
This study analyses the impact and effectiveness of targeted public support for R&D investment at the firm level. We test whether the policy design aiming at incentivizing (international) collaboration and R&D in SMEs achieves input as well as output additionality. Our results show that the targeted public subsidies trigger R&D spending, especially so in internationally collaborating SMEs. We further evaluate the different impact of privately financed and publicly-induced R&D investment on innovation performance. The results confirm that the publicly-induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, the effect of policyinduced R&D investment on sales from market novelties is highest for international collaborators as well as for SMEs.
Subjects: 
Public Innovation Policy
Subsidies
R&D
SMEs
International Collaboration
Treatment Effects
JEL: 
C14
C30
H23
O31
O38
ISBN: 
978-3-86304-120-5
Document Type: 
Working Paper

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