{"title":"Direct subsidies for R&D and innovation: The case of flemish firms","authors":"D. Czarnitzki, C. L. Bento","doi":"10.1109/ICMIT.2012.6225782","DOIUrl":null,"url":null,"abstract":"A significant amount of money is spent on programs to stimulate innovative activities. In this analysis, we review the effects of a specific government-sponsored R&D program from various angles. We start by evaluating whether we find positive effects of subsidies on R&D investment and (R&D) employment. Then, we analyze how the observed effects of subsidies on R&D intensity and employment vary over time, vary depending on how many supported projects a single firm has at the same time or vary if a same firm gets support consecutively. Finally, we estimate the macroeconomic impact these grants have on the local economy in terms of (R&D) employment.","PeriodicalId":292290,"journal":{"name":"2012 IEEE International Conference on Management of Innovation & Technology (ICMIT)","volume":"83 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2012-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2012 IEEE International Conference on Management of Innovation & Technology (ICMIT)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICMIT.2012.6225782","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
A significant amount of money is spent on programs to stimulate innovative activities. In this analysis, we review the effects of a specific government-sponsored R&D program from various angles. We start by evaluating whether we find positive effects of subsidies on R&D investment and (R&D) employment. Then, we analyze how the observed effects of subsidies on R&D intensity and employment vary over time, vary depending on how many supported projects a single firm has at the same time or vary if a same firm gets support consecutively. Finally, we estimate the macroeconomic impact these grants have on the local economy in terms of (R&D) employment.
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