The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.
Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel
Abstract
In evaluating the effect of an R&D subsidy we need to know what the subsidized firm would have spent on R&D had it not received the subsidy. Using data on Israeli manufacturing firms in the 1990s we find evidence suggesting that the R&D subsidies granted by the Ministry of Industry and Trade greatly stimulated company financed R&D expenditures for small firms but had a negative effect on the R&D of large firms, although not statistically significant. One subsidized New Israeli Shekel (NIS) induces 11 additional NIS of own R&D for the small firms. However, because most subsidies go to the large firms a subsidy of one NIS generates, on average, a statistically insignificant 0.23 additional NIS of company financed R&D.
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Cites
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Is public R&D a complement or substitute for private R&D? A review of the econometric evidence
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Cited by
Financing Innovation: Evidence from R&D Grants
Howell, S. T. (2017) · American Economic Review · doi:10.1257/aer.20150808 · Cited by 1,138
Some Causal Effects of an Industrial Policy
Criscuolo, C., Martin, R., Overman, H. G., & Van Reenen, J. (2019) · American Economic Review · doi:10.1257/aer.20160034 · Cited by 554
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Who participates in R&D subsidy programs?
Blanes, J. V., & Busom, I. (2004) · Research Policy · doi:10.1016/j.respol.2004.07.006 · Cited by 276
Metadata
- Authors
- Lach, S.
- Venue
- The Journal of Industrial Economics
- Publisher
- Wiley
- Published
- 2002-12
- Volume
- 50
- Issue
- 4
- Pages
- 369-390
- ISSN
- 0022-1821 (ISSN-L)
- 1467-6451
- OpenAlex
- W3123462346
- Cited by
- 587
- References
- 11
- FWCI
- 16.75
- Type
- journal article
- Language
- en
- Open access
- closed
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