Showing 1 - 10 of 38
This paper studies the effects of different public innovation funding programs on the innovation output and export … programs implemented in Germany for both product and process innovations. Our panel study shows that public financial support … contributes to higher innovation outputs, which in turn translates into higher export success in later years. This relation …
Persistent link: https://www.econbiz.de/10011566487
-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared between independent high-tech young … highest for independent high-tech firms. The indirect effect of subsidies on R&D output is evaluated within a patent …
Persistent link: https://www.econbiz.de/10010519610
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 …
Persistent link: https://www.econbiz.de/10011487998
this paper we exploit a novel dataset of patent applications filed in Germany between 1995-2005, which allows us to …
Persistent link: https://www.econbiz.de/10011739028
Persistent link: https://www.econbiz.de/10001651406
In Germany, R&D subsidies are an important tool to support innovation in the private sector. This paper studies the … welfare effects of R&D subsidies distributed through the German federal government’s thematic R&D programs between 1994 and … government, the estimated average social rate of return is 34% for Germany in the period 1994 to 2011. Thereby effects on firm …
Persistent link: https://www.econbiz.de/10011780867
This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for R&D than...
Persistent link: https://www.econbiz.de/10003728587
Subsidising research networks has become a popular instrument in technology policies, driven mainly by expected positive spillovers. In particular, the stimulation of R&D co-operation between scientific institutions and industry is considered as most promising. In the context of policy...
Persistent link: https://www.econbiz.de/10003337981
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....
Persistent link: https://www.econbiz.de/10003881344
This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an ideal test as suggested by Hall (2008). Firms were offered a hypothetical payment and were asked to choose between alternatives of use. If they choose additional innovation...
Persistent link: https://www.econbiz.de/10003914253