Title :
Firm size and R&D subsidy incentives: evidence from China
Author_Institution :
Zhejiang Sci-tech Univ., Hangzhou
Abstract :
Empirical evidence on the effectiveness of R&D subsidies to firms has produced mixed results so far. The main question is whether public funds stimulate R&D subsidies on firm R&D expenditure or simply crowd out privately financed R&D. Empirically, we investigate the average causal effects of R&D schemes in China. We find evidence suggesting that the R&D subsidies greatly stimulated company-financed R&D expenditures for small firms but had a negative effect on the R&D of large firms, although not statistically significant.
Keywords :
government policies; organisational aspects; public finance; research and development; statistical analysis; China; R&D subsidy incentives; firm R&D expenditure; firm size; large firms; public funds; small firms; Econometrics; Elasticity; Employment; Industrial relations; Instruments; Laboratories; Research and development; Research and development management; Technological innovation; US Government; R&D subsidy; empirical study; firm R&D expenditure; firm size;
Conference_Titel :
Engineering Management Conference, 2006 IEEE International
Conference_Location :
Bahia
Print_ISBN :
1-4244-0285-9
Electronic_ISBN :
1-4244-0286-7
DOI :
10.1109/IEMC.2006.4279896
