Do Innovation Subsidies Crowd Out Private Investment? Evidence from the German Service Sector


Czarnitzki, Dirk ; Fier, Andreas


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URL: http://ub-madoc.bib.uni-mannheim.de/440
URN: urn:nbn:de:bsz:180-madoc-4400
Document Type: Working paper
Year of publication: 2002
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: C24 C20 H32 O31 ,
Subject headings (SWD): Deutschland , Dienstleistungssektor , Innovation
Abstract: This paper analyses the impact of public innovation subsidies on private innovation expenditure. In the empirical economic literature there is still no common support for the hypothesis of either a complementary or a substitutive relationship between public funding and private investment. We investigate whether firms of the German service sector increase their innovation effort when participating in public policy schemes. Cross-sectional data at the firm level are used to estimate the effect of subsidisation. Applying a non-parametric matching approach we find evidence that the hypothesis of complete crowding-out effects between public and private funds can be rejected.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Czarnitzki, Dirk ; Fier, Andreas (2002) Do Innovation Subsidies Crowd Out Private Investment? Evidence from the German Service Sector. Open Access [Working paper]
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