The impact of public funding for innovation on firms' R&D investments: Do R&D cooperation and appropriability matter?
Manuela Gussoni and
Andrea Mangani ()
Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy
This paper provides a theoretical and empirical framework to explore how public funding affects firms' R&D investments depending on their engagement in horizontal R&D cooperations and different levels of ap- propriability conditions within the economy. It assumes firms' Cournot-Nash behavior in the choice of the optimal R&D investment level and provides empirical evidence in support of the theoretical ?ndings using data on Spain and Germany from the Third Community Innovation Survey. Theoretical and empirical re- sults suggest that firms' cooperative behaviour and the appropriability conditions affect the relationship between public funding for innova- tion and R&D investments.
Keywords: R&D cooperatives; subsidies; knowledge spillovers; innovation. (search for similar items in EconPapers)
JEL-codes: O32 H20 L10 D43 D78 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn, nep-cse, nep-ino, nep-ipr, nep-pr~, nep-knm, nep-ppm, nep-sbm and nep-tid
Note: ISSN 2039-1854
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Journal Article: The Impact of Public Funding for Innovation on Firms' R&D Investments: Do R&D Cooperation and Appropriability Matter? (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2009/90
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