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

Dirk Czarnitzki and Julie Delanote

No 496828, Working Papers of ECOOM - Centre for Research and Development Monitoring from KU Leuven, Faculty of Economics and Business (FEB), ECOOM - Centre for Research and Development Monitoring

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)
Date: 2015-05
Note: paper number MSI_1506
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Citations: View citations in EconPapers (1)

Published in FEB Research Report MSI_1506

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https://lirias.kuleuven.be/retrieve/318630 MSI_1506 (application/pdf)

Related works:
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:ete:ecoomp:496828

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