The Effects of Federal Research and Development Subsidies on Firm Commercialization Behavior
Research Policy, 2020, vol. 49, issue 7
This paper assesses the longer term (up to 14 years) causal impact of federal research and development (R&D) subsidies on firms’ commercialization behavior. The data are for small firms which applied to the 1998-2000 Advanced Technology Program (ATP) competitions. A variant of the research design pioneered by Heckman (1979) allows for selection bias to be controlled for. Commercialization behavior is operationalized as the number of new product announcements related to the technology a firm mentions in its ATP proposal(s). The major finding is that receiving an ATP award has a positive and significant causal impact on a firm's commercialization behavior.
Keywords: Commercialization; R&D; Innovation; Subsidy JEL Codes: O3, H2 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:49:y:2020:i:7:s0048733320300834
Access Statistics for this article
Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray
More articles in Research Policy from Elsevier
Bibliographic data for series maintained by Haili He ().