R&D SUBSIDIES AND COMPANY PERFORMANCE: EVIDENCE FROM GEOGRAPHIC VARIATION IN GOVERNMENT FUNDING BASED ON THE ERDF POPULATION-DENSITY RULE

• 成果类型: Article
• 署名作者: Einioe, Elias
• 署名单位: University of London; London School Economics & Political Science; University of London; London School Economics & Political Science
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00410
• 发表日期: 2014-10
• 页码: 710-728
• 关键词: innovation; GROWTH; DESIGN

摘要

Despite the prevalence of R&D support programs, evaluation studies based on explicit differences in support allocation are rare. In this paper, the identification of the causal effect of R&D support on company performance is based on geographic variation in government funding arising from a population-density rule. I find positive impacts on R&D investment, employment, and sales among the participants who were granted an R&D subsidy as a result of additional aggregate R&D support funding in their region. Although there are no instantaneous impacts on productivity, the study provides evidence of long-term productivity gains.