Title :
Direct subsidies for R&D and innovation: The case of flemish firms
Author :
Czarnitzki, Dirk ; Bento, Cindy Lopes
Author_Institution :
Dept. of Manage. Econ., Strategy & Innovation, K.U. Leuven, Leuven, Belgium
Abstract :
A significant amount of money is spent on programs to stimulate innovative activities. In this analysis, we review the effects of a specific government-sponsored R&D program from various angles. We start by evaluating whether we find positive effects of subsidies on R&D investment and (R&D) employment. Then, we analyze how the observed effects of subsidies on R&D intensity and employment vary over time, vary depending on how many supported projects a single firm has at the same time or vary if a same firm gets support consecutively. Finally, we estimate the macroeconomic impact these grants have on the local economy in terms of (R&D) employment.
Keywords :
innovation management; investment; macroeconomics; research and development; Flemish firm; R and D employment; R and D intensity; R and D investment; direct subsidy; government-sponsored R and D program; innovation; macroeconomic impact; research and development; Companies; Employment; Government; Investments; Macroeconomics; Technological innovation; Innovation; Nonparametric matching estimation; Policy Evaluation; Subsidies; Treatment Effects;
Conference_Titel :
Management of Innovation and Technology (ICMIT), 2012 IEEE International Conference on
Conference_Location :
Sanur Bali
Print_ISBN :
978-1-4673-0108-4
DOI :
10.1109/ICMIT.2012.6225782
