R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models

Reference : R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric...


	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Strategy & innovation
	To cite this reference:	http://hdl.handle.net/10993/7309

Title :	R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models
Language :	English
Author, co-author :	Hussinger, Katrin [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Publication date :	2008
Journal title :	Journal of Applied Econometrics
Publisher :	John Wiley & Sons, Inc. - Business
Peer reviewed :	Yes (verified by ORBi^lu)
Audience :	International
ISSN :	0883-7252
City :	Chichester
Country :	United Kingdom
Keywords :	[en] Innovation ; Public R&D Subsidies ; Policy Evaluation ; Parametric and Semiparamteric Selection Models
Abstract :	[en] This paper analyzes the effect of public R&D subsidies on firms’ private R&D investment per employee and new product sales in German manufacturing. Parametric and semiparametric two-step selection models are applied to this evaluation problem. The results show that the average treatment effect on the treated firms’ R&D intensity is positive. The estimated effects are robust with respect to the different selection models. Further results show that publicly induced R&D spending is as productive as private R&D investment in generating new product sales.
Permalink :	http://hdl.handle.net/10993/7309

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