Input Additionality Effects of R&D Subsidies in Austria. Empirical Evidence from Firm-level Panel Data
Gerhard Streicher (),
Andreas Schibany and
Additional contact information
Nikolaus Gretzmacher: Joanneum Research, Institute of Technology and Regional Policy
in WIFO Studies from WIFO
In this paper we study the question of the leverage effect of public subsidies to private R&D: do public contributions to private R&D boost total R&D expenditures – and if so, do they boost them by an amount which is larger than the amount of public money which was used in this way? The paper is based on firm-level data from the Austrian Industrial Research Promotion Fund (FFF) which occupies a central role in the promotion of industrial research in Austria. The results of the panel regression suggest that the public subsidies of private R&D have a crowding-in effect of about 40 percent; 1 additional euro of funding induces firms to contribute an additional 0,40 € of their own money. Both very small and large firms seem to exhibit higher leverage, small and medium-sized firms smaller leverage. Additionally, the leverage estimates for firms that perform R&D only occasionally are higher than for regular R&D performers.
Keywords: R&D; Additionality; Government subsidy; Technology Policy (search for similar items in EconPapers)
Date: 2004 Written 2004-07-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/25159 Abstract (text/html)
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:wfo:wstudy:25159
Access Statistics for this book
More books in WIFO Studies from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().