Incorporating innovation subsidies in the CDM framework: Empirical evidence from Belgium
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.
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2016 |
Verlag/Hrsg.: |
Mannheim: Zentrum für Europäische Wirtschaftsforschung (ZEW)
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Schlagwörter: | ddc:330 / C14 / C30 / O38 / CDM model / R&D / subsidies / innovation policy |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26996947 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/142185 |