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

Dirk Czarnitzki and Julie Delanote

No 543966, Working Papers of ECOOM - Centre for Research and Development Monitoring from KU Leuven, Faculty of Economics and Business (FEB), ECOOM - Centre for Research and Development Monitoring

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.

Keywords: CDM model; R&D; subsidies; innovation policy (search for similar items in EconPapers)
Date: 2016-06
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Published in FEB Research Report - MSI_1607

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https://lirias.kuleuven.be/retrieve/392391 MSI_1607 (application/pdf)

Related works:
Journal Article: Incorporating innovation subsidies in the CDM framework: empirical evidence from Belgium (2017)
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:ete:ecoomp:543966

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