Resource title

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

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Resource description

This paper analyzes the effects of public R&D subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By apllying parametric and semiparametric selection models, it turns out that public funding increases firms? R&D expenditure. Altough the magnitude of the treatment effect depends on the assumptions imposed by the particular selection model.

Resource author

Katrin Hussinger

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23997

Resource license

Adapt according to the presented license agreement and reference the original author.