| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 984784 | Research Policy | 2008 | 17 Pages |
Abstract
We empirically test whether public R&D subsidies crowd out private R&D investment in Flanders and Germany, using firm level data from the Flemish and German part of the Community Innovation Surveys (CIS III and IV). Both the non-parametric matching estimator and the conditional difference-in-differences estimator with repeated cross-sections (CDiDRCS) clearly indicate that the crowding-out hypothesis can be rejected: funded firms are significantly more R&D active than non-funded firms. In the domain of additionality effects of R&D subsidies, this paper is the first to apply the CDiDRCS method.
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Authors
Kris Aerts, Tobias Schmidt,