The Effects of Public R&D Subsidies on Firms' Innovation Activities
公共研发补贴对企业创新活动的影响AI 解读 ↓
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公共研发补贴对企业创新活动的影响AI 解读 ↓
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This study analyzes the effects of public R&D policy schemes on the innovation activities of firms in Eastern Germany. The main question in this context is whether public funds stimulate R&D activities or simply crowd out privately financed R&D. Empirically, we investigate the average causal effects of all public R&D schemes in Eastern Germany using a nonparametric matching approach. Compared to the case in which no public financial means are provided, it turns out that firms increase their innovation activities by about four percentage points.