Incorporating innovation subsidies in the CDM framework: empirical evidence from Belgium

Dirk Czarnitzki and Julie Delanote

Economics of Innovation and New Technology, 2017, vol. 26, issue 1-2, 78-92

Abstract: This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon–Duguet–Mairesse (CDM) model. Our results largely confirm insights of the input additionality literature, i.e. public subsidies complement private R&D investment. In addition, results point to positive output effects of both purely privately funded and subsidy-induced R&D. Furthermore, we do not find evidence of a premium or discount of subsidy-induced R&D in terms of its marginal contribution on new product sales when compared to purely privately financed R&D.

Date: 2017
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Working Paper: Incorporating innovation subsidies in the CDM framework: Empirical evidence from Belgium (2016)
Working Paper: Incorporating innovation subsidies in the CDM framework: Empirical evidence from Belgium (2016)
Working Paper: Incorporating innovation subsidies in the CDM framework: Empirical evidence from Belgium (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:26:y:2017:i:1-2:p:78-92

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DOI: 10.1080/10438599.2016.1202514

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