R&D and Subsidies at the Firm Level : An Application of Parametric and Semi-Parametric Two-Step Selection Models

Hussinger, Katrin

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URL:	http://ub-madoc.bib.uni-mannheim.de/145
URN:	urn:nbn:de:bsz:180-madoc-1459
Document Type:	Working paper
Year of publication:	2003
The title of a journal, publication series:	None
Publication language:	English
Institution:	Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series:	Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject:	330 Economics
Classification:	JEL: O38 O31 H32 C24 ,
Subject headings (SWD):	Deutschland , Industrie , Forschung und Entwicklung
Abstract:	This paper analyzes the effects of public R&D subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By apllying parametric and semiparametric selection models, it turns out that public funding increases firms' R&D expenditure. Altough the magnitude of the treatment effect depends on the assumpions imposed by the particular selection model.
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