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The Effect of R&D subsidies on private R&D: Evidence from italian manufacturing data

Carboni, Oliviero Antonio (2008) The Effect of R&D subsidies on private R&D: Evidence from italian manufacturing data. Cagliari, CRENoS. p. 35 Working Paper.

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Abstract

This paper uses a comprehensive firm level data set for the manufacturing sector in Italy to investigate the effect of government support on privately financed R&D expenditure. Estimates from a two-step equation model suggest that public assistance has a positive effect on private R&D investment. A non parametric matching procedure is also used to investigate the same effect. Here again the results suggest that the recipient firms achieve more private R &D than they would have without public support. The paper also examines whether public funding effects the financial sources available for R&D and finds that grants encourage credit financing for R&D. The effects on the use of internal sources are not conclusive.

Item Type:Working Paper
ID Code:3200
Status:Published
Uncontrolled Keywords:Applied econometrics, matching, public subsidies, R&D investment
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:CRENoS
Publisher Policy:Depositato per gentile concessione del CRENoS
Deposited On:23 Nov 2009 13:13

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