R&D policies for young SMEs: Input and output effects

Dirk Czarnitzki and Julie Delanote

No 15-032, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This paper evaluates the current focus of EU policy makers on small and medium-sized, young independent firms in high-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared between independent high-tech young firms (NTBFs), independent low-tech young firms (LTBFs) and their non-independent counterparts. A treatment effects analysis reveals that full crowding-out with regard to public funding is rejected for all firm types. However, the treatment effect is highest for independent high-tech firms. The indirect effect of subsidies on R&D output is evaluated within a patent production framework. These results show that independent high-tech firms have no lower output effects than other firms and thus suggest that the current policy focus on certain firm types is not ineffective.

Keywords: R&D; subsidies; NTBFs; policy evaluation; treatment effects; patents (search for similar items in EconPapers)
JEL-codes: H25 M13 O31 O38 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-cse, nep-ent, nep-eur, nep-ipr, nep-pr~, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (50)

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Journal Article: R&D policies for young SMEs: input and output effects (2015)
Working Paper: R&D policies for young SMEs: input and output effects (2015)
Working Paper: R&D policies for young SMEs: input and output effects (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:15032

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