Radical or incremental: Where does R&D policy hit?


Beck, Mathias ; Lopes-Bento, Cindy ; Schenker-Wicki, Andrea


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URL: https://ub-madoc.bib.uni-mannheim.de/37424
URN: urn:nbn:de:bsz:180-madoc-374240
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-106
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 , C30 , H23 , O31 , O38,
Keywords (English): R&D subsidies , collaborative innovation , diversity , innovation performance , radical innovation , incremental innovation , policy evaluation , treatment effects
Abstract: This study investigates the efficacy of public R&D support. Compared to most existing studies, we do not stop at substitution effects or general innovation outcome measures, but we are interested in knowing where the policy effect is highest: on innovation close to the market (i.e. incremental innovation) or on innovation that is still far from the market and hence more risky and radical. Using firm level data from the period 1999 to 2011, we find that the policy hits where the market failure is highest, that is, for radical innovation. Taking into account that the Swiss funding agency encourages collaboration, we find no evidence that the impact of the policy is positively effected by various R&D collaboration patterns.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Beck, Mathias ; Lopes-Bento, Cindy ; Schenker-Wicki, Andrea (2014) Radical or incremental: Where does R&D policy hit? Open Access ZEW Discussion Papers Mannheim 14-106 [Working paper]
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