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Serving the right menu of R&D policy instruments to
firms: An analysis of policy mix sequencing
Lenihan, Helena
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Mulligan, Kevin
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Perez-Alaniz, Mauricio
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Rammer, Christian
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URN:
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urn:nbn:de:bsz:180-madoc-648049
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Document Type:
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Working paper
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Year of publication:
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2023
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The title of a journal, publication series:
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ZEW Discussion Papers
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Volume:
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23-009
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Place of publication:
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Mannheim
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Publication language:
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English
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Institution:
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Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
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MADOC publication series:
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Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
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Subject:
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330 Economics
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Classification:
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JEL:
O25 , O30 , D04 , O38 , D22 , O31,
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Keywords (English):
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policy mix , policy instrument mix sequencing , public R&D support , R&D grant , R&D tax credit , academic-industry collaboration
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Abstract:
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The R&D policy instrument mix concept has become increasingly important for understanding how public R&D support drives firm-level R&D. To-date, empirical studies have conceptualised the instrument mix as a static unit, whereby firms receive multiple policy instruments at one point in time. However, firms can also receive multiple instruments in a sequence, over time. While sequencing is well rehearsed theoretically, this remains a major gap in the empirical literature. Our study evaluates, for the first time, how R&D policy instrument mix sequencing impacts firm-level R&D. We construct a unique dataset, containing almost 25,000 firm-year observations over a 17-year period for Ireland. Our analysis focuses on R&D grants, R&D tax credits, and publicly-supported academic-industry collaborations, and develops two novel approaches to measure R&D policy instrument mix sequencing. Our results suggest that R&D policy instrument mix sequencing is highly effective at driving firmlevel R&D, but that some sequences are more effective than others. These findings highlight opportunities to realise superior policy outcomes through targeted sequencing.
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 | Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
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