The impact of R&D subsidies during the crisis


Hud, Martin ; Hussinger, Katrin


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URL: https://ub-madoc.bib.uni-mannheim.de/36657
URN: urn:nbn:de:bsz:180-madoc-366575
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-024
Place of publication: Mannheim
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: C14 , C21 , G01 , H50 , O38,
Keywords (English): R&D , subsidies , policy evaluation , financial crisis , treatment effects
Abstract: This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized small and medium sized firms in Germany during the crisis years. In the first crisis year, the additionality effect induced by public support was, however, smaller than in other years. This temporary decrease may be caused by an altered innovation subsidy scheme in crisis years or by a different innovation investment behavior of the subsidy recipients. We do not find support for the countercyclical innovation subsidy scheme having caused the smaller additionality effect and conclude that it is likely to be driven by subsidy recipient behavior.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Hud, Martin ; Hussinger, Katrin (2014) The impact of R&D subsidies during the crisis. Open Access ZEW Discussion Papers Mannheim 14-024 [Working paper]
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