Assessing the policy mix of public support to business R&D

Michel Dumont

Research Policy, 2017, vol. 46, issue 10, 1851-1862

Abstract: This paper investigates whether the effectiveness of public support to business R&D increases or decreases when firms benefit from different support schemes. Data on the amount received by individual firms in the available support schemes in Belgium, over the period 2003–2011, are matched with other firm-level data. Estimations of this panel of firms permit to account for the time dimension and selection mechanism in public support as well as for observed and unobserved firm heterogeneity. Results on the impact of public support appear to depend on the econometric specification and estimation procedure that is considered. Robust results indicate that the effectiveness of R&D support decreases when firms benefit from different schemes at the same time, especially when firms combine subsidies with several tax benefits.

Keywords: Public support; Business R&D; Policy mix (search for similar items in EconPapers)
JEL-codes: H32 O32 O38 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:46:y:2017:i:10:p:1851-1862

DOI: 10.1016/j.respol.2017.09.001

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