补贴
稳健性(进化)
经济
计量经济学
挤出效应
控制变量
匹配(统计)
微观经济学
数学
统计
宏观经济学
市场经济
基因
生物化学
化学
作者
Giovanni Cerulli,Bianca Potì
标识
DOI:10.1016/s1514-0326(12)60013-0
摘要
AbstractThis paper applies different econometric methods to evaluate the effect of public subsidies on firms' R&D activity. For the sake of robustness, results from the Heckman selection model (Heckit), Control-function regression, Difference-in-differences, and various Matching methods are compared by using the third and fourth wave of the Italian Community Innovation Survey (CIS3, years 1998–2000 and CIS4, years 2002–2004). We predict the absence of a full crowding-out of private R&D performance, both for the whole sample and for some subsets of firms. Nevertheless, we conclude that while for variables expressed as ratio (R&D intensity and R&D per employee) the difference in results is negligible, R&D expenditure presents a strong variability among the approaches, even for those relying on similar identification assumptions. Given the utmost importance of this target-variable, future works should go beyond the use of single methods, especially when they are thought of to steer future policymaking.JEL classification codes: O32C52O38Key words: business R&Dpublic incentiveseconometric evaluationrobustness
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