@techreport{d58de796cb5c40449f95a734115d5df5,
title = "(International) R&D Collaboration and SMEs: The effectiveness of targeted public R&D support schemes",
abstract = "This study analyses the effectiveness of targeted public support for R&D investment. In particular, we test whether the specific policy design aiming at incentivizing (international)collaboration and R&D in small and medium-sized firms achieves the desired objectives on input as well as output additionality. Our results show that the targeted R&D subsidies accelerate R&D spending in the private sector, and especially so in the targeted groups. Further, we differentiate between privately financed R&D and subsidy-induced R&D investment to evaluate their respective effects on innovation performance. The results confirm that the induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, we find that the effect of subsidy-induced R&D investment is higher for firms that collaborate internationally as well as for SMEs.",
keywords = "Innovation Performance, Innovation Policy, International Collaboration, R&D, SMEs, Subsidies, Trestment effect",
author = "{Lopes bento}, Cindy and Hanna Hottenrott",
year = "2012",
language = "English",
series = "Working Papers",
publisher = "CEPS/INSTEAD",
number = "2012-36",
type = "WorkingPaper",
institution = "CEPS/INSTEAD",
}