Author: Miao Wang
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Reda Cherif
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 41

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We investigate the effect of R&D subsidies on firms’ innovation by ownership, industry, and firm size using German firm-level data. The impact of R&D subsidies is heterogeneous across industries for multinational corporations (MNCs) and domestic firms while it does not differ substantially by firm size. Domestic firms have a larger response in R&D spending in low-tech manufacturing, knowledge-intensive services, and technological services while the response of domestic and foreign MNCs is broadly similar and is greater in medium-tech and high-tech manufacturing. Foreign MNC subsidiaries’ response in terms of patents is greater than that of domestic MNCs in most industries.

Author: Assyad AL-Wreikat
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 200

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Book Description
Our analysis contains three essay that look to the effect of innovations given a diverse set of measures. The purpose of the first chapter, which is divided into two levels, is two-fold. First, via a Probit model, we assess the effect subsidies have on firm level innovation and determine if these effects impound in firm level performance given these subsidies. Second, we seek to determine the extent subsidies promote learning and hence positively impact outcomes associated with innovation. We do so by employing the theory of absorptive capacity to guide efforts to isolate the effects that the combination or interaction of investments in research and development and foreign technology have on firm level performance. We adopt Ordinary Least Squares in this endeavor. In the second chapter, we measure, evaluate, and assess whether external infrastructures allow firms to exploit their resources in order to gain maximum efficiency and effectiveness. In this regard, we review the impact infrastructures have on the capacity of a firm to innovate when those infrastructures are viewed as key to the operations of a firm. In doing so, our goal is to assess the impact of these infrastructures components on firm performance. We do so through a Probt model. The purpose of third chapter is to determine the role innovation has in firm performance. Our approach, in essence, seeks to assess the role innovation and subsidies, individually and collectively, have on firm performance. Our study makes use of ordinary least squares regression to investigate this query.

Author: Xue Gao
Publisher:
ISBN:
Category :
Languages : en
Pages : 60

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Book Description
Scientific knowledge is a public good, so a firm’s investment in technology innovation is below the most socially efficient level. To correct this market failure, government subsidies are necessary to stimulate firms’ private investments and innovation activities, especially at the early development stage of an industry. Although there is a great deal of research studying the relationship between government subsidies and innovations in developed countries, only a few studies focus on developing countries, and even fewer focus on emerging industries in developing countries. This paper aims at studying the effect of the Chinese government’s subsidies on firms’ private investments and innovation outcomes by using Chinese wind firms’ data in 2007. In order to capture the average treatment effect of government subsidies, this paper used the propensity score matching method. The results show that government subsidies have no effect on firms’ innovation outcomes and private R&D investments. This paper further suggests that these non-ideal policy outcomes might result from the immaturity of the Chinese wind industry in 2007, the insufficient amount of government subsidies and/or the uncertainty of subsidies’ persistence.

Author: Jakob Edler
Publisher: Edward Elgar Publishing
ISBN: 1784711853
Category : Business & Economics
Languages : en
Pages : 604

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Book Description
Innovation underpins competitiveness, is crucial to addressing societal challenges, and its support has become a major public policy goal. But what really works in innovation policy, and why? This Handbook, compiled by leading experts in the field, is the first comprehensive guide to understanding the logic and effects of innovation polices. The Handbook develops a conceptualisation and typology of innovation policies, presents meta-evaluations for 16 key innovation policy instruments and analyses evidence on policy-mix. For each policy instrument, underlying rationales and examples are presented, along with a critical analysis of the available impact evidence. Providing access to primary sources of impact analysis, the book offers an insightful assessment of innovation policy practice and its evaluation.

Author: Ufuk Akcigit
Publisher:
ISBN:
Category :
Languages : en
Pages : 54

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Book Description
We study how external versus internal innovations promote economic growth through a tractable endogenous growth framework with multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in external R&D to acquire new product lines and in internal R&D to improve their existing product lines. A baseline model derives the theoretical implications of weaker scaling for external R&D versus internal R&D, and the resulting predictions align with observed empirical regularities for innovative firms. Quantifying a generalized model for the recent U.S. economy using matched Census Bureau and patent data, we observe a modest departure for external R&D from perfect scaling frameworks.

Author: Raffaello Bronzini
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264025855
Category :
Languages : en
Pages : 243

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Book Description
How does government funding of corporate R&D affect the behaviour of firms? Ongoing efforts to boost business investment in R&D demand better methods of evaluating the effectiveness of government policy instruments. Efforts to explicitly measure ...

Author: Raffaello Bronzini
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

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Author: Hao Lu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an overarching theoretical model to explain the conditions under which government subsidies create positive additionalities on private R&D investment. In this paper, we present a theoretical model that treats government subsidies as a risk-sharing vehicle for private R&D activities. More importantly, we argue that positive additionalities will be more likely to occur when the subsidies are allocated based on the risk-reward condition of the project. In addition, we show that the risk-sharing effect of government subsidies is influenced by a firm's absorptive capacity and the asset specificity of the project. By showing the conditions under which subsidies create positive additionality, we provide guidance to policymakers on how to improve the effectiveness of government support for innovation.