The Impact of Government Support on Firm R&D Investments : A Meta-Analysis
This paper applies meta-analysis techniques to a sample of 37 studies published during 2004-2011. These papers assess the impact of direct subsidies on business research and development. The results show that the effect of public investment on rese...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/07/18007264/impact-government-support-firm-rd-investments-meta-analysis http://hdl.handle.net/10986/15890 |
| Summary: | This paper applies meta-analysis
techniques to a sample of 37 studies published during
2004-2011. These papers assess the impact of direct
subsidies on business research and development. The results
show that the effect of public investment on research and
development is predominantly positive and significant.
Furthermore, public funds do not crowd out but incentivize
firms to revert funds into research and development. The
coefficient of additionality impacts on research and
development ranges from 0.166 to 0.252, with reasonable
confidence intervals at the 95 percent level. The results
are highly sensitive to the method used. The high
heterogeneity of precision is explained by the wide variety
of methodologies used to estimate the impacts and paper characteristics. |
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