Additionality of public R&amp;D funding for business R&amp;D - a dynamic panel data analysis

Bloch, Carter; Graversen, Ebbe Krogh

doi:10.1504/wrstsd.2012.047688

Cited by 17 publications

(14 citation statements)

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“…More recently, the literature has started to consider temporal aspects of R&D subsidies, and it confirms persistence in grant distribution (Bloch and Graversen, 2008;Gonzalez and Pazo, 2008). Persistence might arise due to several reasons.…”

Section: Prior Studiesmentioning

confidence: 84%

The allocation and effectiveness of China’s R&D subsidies - Evidence from listed firms

2016

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Section: Prior Studiesmentioning

confidence: 84%

The allocation and effectiveness of China’s R&D subsidies - Evidence from listed firms

2016

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“…() on the later period does find additionality, suggests that the effectiveness of this policy tool has improved over time. In a further dynamic panel data regression analysis, Bloch and Graversen () obtain additionality effects of public R&D funding for a sample of Danish firms. For the business enterprise sector of 21 OECD countries, Falk () does not find a significant effect in dynamic panel data models.…”

Section: Public Policies In Support Of Private Randd Investmentmentioning

confidence: 99%

PUBLIC R&D POLICIES AND PRIVATE R&D INVESTMENT: A SURVEY OF THE EMPIRICAL EVIDENCE

Becker¹

2014

Journal of Economic Surveys

365

179

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Abstract. The importance of R&D investment in explaining economic growth is well documented in the literature. Policies by modern governments increasingly recognise the benefits of supporting R&D investment. Government funding has, however, become an increasingly scarce resource in times of financial crisis and economic austerity. Hence, it is important that available funds are used and targeted effectively. This paper offers the first systematic review and critical discussion of what the R&D literature has to say currently about the effectiveness of major public R&D policies in increasing private R&D investment. Public policies are considered within three categories, R&D tax credits and direct subsidies, support of the university research system and the formation of high-skilled human capital, and support of formal R&D cooperations across a variety of institutions. Crucially, the large body of more recent literature observes a shift away from the earlier findings that public subsidies often crowd-out private R&D to finding that subsidies typically stimulate private R&D. Tax credits are also much more unanimously than previously found to have positive effects. University research, high-skilled human capital, and R&D cooperation also typically increase private R&D. Recent work indicates that accounting for non-linearities is one area of research that may refine existing results.

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“…Among the main contributions that describe the history of subsidies to firms, it is worth mentioning Aschhoff (), Duguet (), Bloch and Graversen (), Hussinger () and González and Pazó (). There is pervasive evidence in the existing literature to indicate that the subsidies granted to a firm are relatively persistent over time, so that a firm whose R&D activity was subsidised in the past is more likely to be subsidised again.…”

Section: Some Key Issues In the Relationship Between Public Randd Subsimentioning

confidence: 99%

ASSESSING THE EFFECT OF PUBLIC SUBSIDIES ON FIRM R&D INVESTMENT: A SURVEY

Zúñiga‐Vicente

Alonso‐Borrego

Forcadell

et al. 2012

Journal of Economic Surveys

414

189

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This survey examines the empirical literature on the relationship between public R&D subsidies and private R&D investment over the past five decades. The survey reveals a considerable heterogeneity of empirical results that cannot be explained fully by methodological issues. We aim to provide further explanations of the possible causes of that heterogeneity. In particular, we emphasise a set of issues that, in our view, are critical to understanding the potential effect of public R&D subsidies on private R&D spending. Special attention is paid to the dynamic aspects and composition of firm R&D, the constraints faced by the firm (such as financial constraints), and the amount and source of public subsidies. None of these issues have been investigated in depth. We formulate a set of research assumptions to guide future empirical research in this field.

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Additionality of public R&D funding for business R&D - a dynamic panel data analysis

Cited by 17 publications

References 0 publications

The allocation and effectiveness of China’s R&D subsidies - Evidence from listed firms

The allocation and effectiveness of China’s R&D subsidies - Evidence from listed firms

PUBLIC R&D POLICIES AND PRIVATE R&D INVESTMENT: A SURVEY OF THE EMPIRICAL EVIDENCE

ASSESSING THE EFFECT OF PUBLIC SUBSIDIES ON FIRM R&D INVESTMENT: A SURVEY

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