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  • The quest for more efficient R&D subsidies : examining dynamic effects
    Jaklič, Andreja ; Burger, Anže, 1979- ; Rojec, Matija, 1953-
    We study the dynamic effects of research and development (R & D) subsidies on private R & D spending in Slovenia and examine the changes in corporate R & D spending behavior due to R & D subsidies by ... applying propensity score matching methodology. Taking the difference-indifferences approach, we evaluate how much the supported firm would have spent on R & D if it had not received the subsidy. The results confirm the complementary effect of public subsidies to private R & D spending and prove R & D subsidies as an influential variable for private R & D spending increase. The results also point to tree sources of subsidized firms` heterogeneity that have significant effects on the scope of R & D subsidies: (1) the larger the previous private R & D spending of firms, the smaller the increase in current R & D spending of subsidized firms; (2) the larger the sales, the higher the increase in private R & D spending of subsidized firms; and (3) the effect of R & D subsidies decreases with persistency of subsidizing. Firms that received subsidies more than twice previously increased their R & D expenditures slower than nonsubsidized and less frequently subsidized firms.
    Vir: Eastern European economics. - ISSN 0012-8775 (Vol. 51, no. 4, 2013, str. 5-25)
    Vrsta gradiva - članek, sestavni del ; neleposlovje za odrasle
    Leto - 2013
    Jezik - angleški
    COBISS.SI-ID - 512377980
    DOI

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