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main focus is the direct impact of subsidies on R&D and the indirect effect on innovation output measured by patent … schemes. For this, a treatment effects analysis is conducted in a first step. The results are implemented into the estimation … of a patent production function. It turns out that both purely privately financed R&D and publicly induced R&D show a …
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examines the development and the impact of publicly funded R&D consortia in Germany. The paper describes the history of R …&D funding in Germany with a focus on the development of measures encouraging collaborative R&D activities among firms and public … that collaborating firms are more likely to patent than others. Within the group of collaborating firms, participants in …
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Innovations are a key factor to ensure the competitiveness of establishments as well as to enhance the growth and wealth of nations. But more than any other economic activity, decisions about innovations are plagued by failures of the market mechanism. As a response, public instruments have been...
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In Germany, R&D subsidies are an important tool to support innovation in the private sector. This paper studies the … government, the estimated average social rate of return is 34% for Germany in the period 1994 to 2011. Thereby effects on firm … decision in Germany remained remarkably stable over time, and that application costs as well as the marginal profitability of …
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