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High Tech R&D Subsidies : Estimating the Effects of Sematech
Irwin, Douglas A.; Klenow, Peter J. - 2021
Sparked by concerns about their shrinking market share, 14 leading U.S. semiconductor producers, with the financial assistance of the U.S. government in the form of $100 million in annual subsidies, formed a joint R&D consortium -- Sematech -- in 1987. Using Compustat data on all U.S....
Persistent link: https://www.econbiz.de/10013248691
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Do Subsidies to Commercial R&D Reduce Market Failures? Microeconomic Evaluation Studies
Klette, Tor Jakob; Møen, Jarle; Griliches, Zvi - 2021
A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...
Persistent link: https://www.econbiz.de/10013221941
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Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel
Lach, Saul - 2021
In evaluating the effect of an R&D subsidy we need to know what the subsidized firm would have spent on R&D had it not … received the subsidy. Using data on Israeli manufacturing firms in the 1990s we find evidence suggesting that the R&D subsidies … this effect is large enough to justify the existence of the subsidy program, it is lower than expected given the dollar …
Persistent link: https://www.econbiz.de/10013239953
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Innovation, Reallocation and Growth
Acemoglu, Daron - 2014
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model...
Persistent link: https://www.econbiz.de/10013064072
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Procompetitive Market Access
Krishna, Kala; Roy, Suddhasatwa; Thursby, Marie C. - 2022
provide two examples to illustrate this point. In the context of a Cournot duopoly, we show that an implementation scheme in … which the U.S. firm receives a pre-announced subsidy if the market share target is met leads to increased aggregate output …
Persistent link: https://www.econbiz.de/10013313333
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Do Tax Incentives for Research Increase Firm Innovation? An Rd Design for R&D
Dechezleprêtre, Antoine - 2016
We present evidence of a causal impact of research and development (R&D) tax incentives on innovation. We exploit a change in the asset-based size thresholds for eligibility for R&D tax subsidies and implement a Regression Discontinuity Design using administrative tax data on the population of...
Persistent link: https://www.econbiz.de/10012986700
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The Financing of Research and Development
Hall, Bronwyn H. - 2021
markets are not highly developed; and 4) further study of governmental seed capital and subsidy programs using quasi …
Persistent link: https://www.econbiz.de/10013222638
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Contractibility and the Design of Research Agreements
Malmendier, Ulrike; Lerner, Josh - 2021
other projects or substitute one project for another. We develop a model based on the property-rights theory of the firm …
Persistent link: https://www.econbiz.de/10013233766
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Explaining Japan'S Innovation and Trade : a Model of Quality Competition and Dynamic Comparive Advantage
Grossman, Gene M. - 2021
In this paper, I develop a model of dynamic comparative advantage based on endogenous innovation. Firms in each of two countries devote resources to R&D in order to improve the quality of high-technology products. Research successes generate profit opportunities in the world market. The model...
Persistent link: https://www.econbiz.de/10013237270
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Patents as Quality Signals? The Implications for Financing Constraints on R&D
Czarnitzki, Dirk - 2015
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10013034078