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The Effects of R&D Subsidies and Publicly Performed R&D on Business R&D: A Survey

Thomas Ziesemer ()

Hacienda Pública Española / Review of Public Economics, 2021, vol. 236, issue 1, 171-205

Abstract: This literature review shows that a majority of studies find complementarity between R&D subsidies and private R&D expenditures. A minority finds incomplete crowding out. Full crowding out is found only for small parts of the respective samples or small sub-sectors of the economies considered. Publicly performed R&D stimulates private R&D. The exceptions from these dominant results concern firm size, interaction of policy instruments, and effectiveness of parts of publicly performed R&D. Important suggestions for future research derived from the literature review are use of dynamic models with time lags and taking into account the effects of country and firm heterogeneity.

Keywords: Research & Development; Business R&D; Subsidies; Public R&D. (search for similar items in EconPapers)
JEL-codes: H25 O38 (search for similar items in EconPapers)
Date: 2021
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Working Paper: The effects of R&D subsidies and publicly performed R&D on business R&D: A survey (2019) Downloads
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