Incorporating innovation subsidies in the CDM framework : empirical evidence from Belgium


Czarnitzki, Dirk ; Delanote, Julie


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URL: https://ub-madoc.bib.uni-mannheim.de/41232
URN: urn:nbn:de:bsz:180-madoc-412327
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: ZEW Discussion Papers
Volume: 16-045
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 , O38,
Keywords (English): CDM model , R&D , subsidies , innovation policy
Abstract: This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon–Duguet–Mairesse (CDM) model. Our results largely confirm insights of the input additionality literature, i.e. public subsidies complement private R&D investment. In addition, results point to positive output effects of both purely privately funded and subsidy–induced R&D. Furthermore, we do not find evidence of a premium or discount of subsidy–induced R&D in terms of its marginal contribution on new product sales when compared to purely privately financed R&D.

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Czarnitzki, Dirk ; Delanote, Julie (2016) Incorporating innovation subsidies in the CDM framework : empirical evidence from Belgium. Open Access ZEW Discussion Papers Mannheim 16-045 [Working paper]
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