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

Dirk Czarnitzki and Julie Delanote

No 496828, Working Papers of Department of Management, Strategy and Innovation, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven

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.

Keywords: R&D; subsidies; NTBFs; policy evaluation; treatment effects; patents (search for similar items in EconPapers)
Date: 2015-05
Note: paper number MSI_1506
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Published in FEB Research Report MSI_1506

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https://lirias.kuleuven.be/retrieve/318630 MSI_1506 (application/pdf)

Related works:
Journal Article: 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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