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

Dirk Czarnitzki and Julie Delanote ()

Small Business Economics, 2015, vol. 45, issue 3, 465-485

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. Copyright Springer Science+Business Media New York 2015

Keywords: R&D; Subsidies; NTBFs; Policy evaluation; Treatment effects; Patents; H25; M13; O31; O38; L26 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (49)

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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)
Working Paper: R&D policies for young SMEs: Input and output effects (2015)
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DOI: 10.1007/s11187-015-9661-1

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