Radical or incremental: Where does R&D policy hit?

Mathias Beck, Cindy Lopes-Bento and Andrea Schenker-Wicki

Research Policy, 2016, vol. 45, issue 4, 869-883

Abstract: This study investigates the impact and effectiveness of a public R&D support policy. In a policy design that aims at incentivizing radical as well as incremental innovations, we test where the policy impact is highest. While the privately motivated R&D expenditures are significant for both types of innovation, the policy-induced part is significant only for radical innovation. Furthermore, given that the funding agency encourages collaboration, and particularly industry-science collaboration, we further test whether effects are enhanced in collaborating firms. We do not find any evidence pointing to increased effects for the latter.

Keywords: R&D subsidies; Collaborative innovation; Innovation performance; Radical innovation; Incremental innovation; Policy evaluation; Treatment effects (search for similar items in EconPapers)
JEL-codes: C14 C30 H23 O31 O38 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (46)

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Working Paper: Radical or incremental: Where does R&D policy hit? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:45:y:2016:i:4:p:869-883

DOI: 10.1016/j.respol.2016.01.010

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