Scandinavian Working Papers in Economics

Nationaløkonomisk tidsskrift,
Nationaløkonomisk Forening

Private R&D and Public R&D subsidies: Microeconometric Evidence for Denmark

2006, Volume 2006, issue 1, pp. 1-17

Ulrich Kaiser ()
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Ulrich Kaiser: University of Southern Denmark at Odense

Abstract: This paper seeks to quantify the causal effects of Research and Development (R&D) subsidies on firms’ R&D intensity (the ratio of private R&D to sales). It uses data on 442 firms observed in 1999 and 2001 and applies three approaches that differ in their restrictiveness with respect to the identification assumptions. Weak statistical evidence for the presence of positive effects of research subsidization is found with point estimates of between 0.8 percent (standard error 0.5 percent) and 0.5 percent (standard error 0.3 percent).

Keywords: mikroøkonomi

JEL-codes: A10

Language: English

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