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...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| 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 |
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okr-10986-158902021-04-23T14:03:26Z The Impact of Government Support on Firm R&D Investments : A Meta-Analysis Correa, Paulo Andrés, Luis Borja-Vega, Christian ACHIEVEMENTS BASIC RESEARCH BASIC SCIENCES BIASES BUSINESS DEVELOPMENT BUSINESS RESEARCH BUSINESS SECTOR BUSINESSES CAPABILITIES CAPITAL ASSETS CASH FLOWS CONFIDENCE INTERVALS CONFIDENCE LIMITS CORRELATIONS DATA ANALYSIS DESCRIPTIVE STATISTICS DUMMY VARIABLES EMAIL ADDRESSES ESTIMATORS EVALUATION METHODOLOGY EVALUATION METHODS EVALUATION STUDIES EXPERIMENTAL STUDIES EXPERIMENTS EXPLORATION FINANCIAL CONSTRAINTS FINANCIAL RESOURCES FOREIGN DIRECT INVESTMENTS GOVERNMENT FUNDING HUMAN CAPITAL ID INDEPENDENT VARIABLES INFERENTIAL STATISTICS INNOVATION INNOVATION POLICY INSTRUMENTAL VARIABLES INTERVENTIONS LINEAR REGRESSION MANUFACTURING MANUFACTURING INDUSTRY MARKET DEMAND METAANALYSIS METHODOLOGIES METHODOLOGY MODELING OPEN ACCESS PEER REVIEW PERFORMANCE MEASURE PRECISION PRIVATE INVESTMENT PRIVATE SECTOR PROBABILITY PRODUCT INNOVATION PRODUCT INNOVATIONS PRODUCTIVITY PUBLIC FUNDS QUALITATIVE DATA REASONING REGULATORY FRAMEWORKS RELIABILITY RESEARCH DESIGN RESEARCH FINDINGS RESEARCH FUNDING RESEARCH INSTITUTES RESEARCH PROJECTS RESEARCH WORKING PAPERS RESEARCHERS RESULT RESULTS SAMPLE SELECTION SAMPLE SIZE SEARCH ENGINES SEARCHES SERVER SHOW HOW SIMULATION SIMULATION METHODS SIMULATION TECHNIQUES SIMULATIONS SIMULTANEOUS EQUATIONS STANDARD DEVIATION STANDARD ERRORS STATA STATISTICAL ANALYSIS STATISTICAL SIGNIFICANCE STRUCTURAL MODELING SURVEY DATA SYSTEM FAILURES TARGETS TAX INCENTIVES TECHNIQUES TECHNOLOGICAL INNOVATION TECHNOLOGY DEVELOPMENT TIME SERIES USER USES VARIABILITY VERIFICATION WEB WEIGHTING impact R&D R&D EXPENDITURES R&D FINANCING R&D PROJECTS 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. 2013-09-26T20:23:12Z 2013-09-26T20:23:12Z 2013-07 http://documents.worldbank.org/curated/en/2013/07/18007264/impact-government-support-firm-rd-investments-meta-analysis http://hdl.handle.net/10986/15890 English en_US Policy Research Working Paper;No. 6532 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACHIEVEMENTS BASIC RESEARCH BASIC SCIENCES BIASES BUSINESS DEVELOPMENT BUSINESS RESEARCH BUSINESS SECTOR BUSINESSES CAPABILITIES CAPITAL ASSETS CASH FLOWS CONFIDENCE INTERVALS CONFIDENCE LIMITS CORRELATIONS DATA ANALYSIS DESCRIPTIVE STATISTICS DUMMY VARIABLES EMAIL ADDRESSES ESTIMATORS EVALUATION METHODOLOGY EVALUATION METHODS EVALUATION STUDIES EXPERIMENTAL STUDIES EXPERIMENTS EXPLORATION FINANCIAL CONSTRAINTS FINANCIAL RESOURCES FOREIGN DIRECT INVESTMENTS GOVERNMENT FUNDING HUMAN CAPITAL ID INDEPENDENT VARIABLES INFERENTIAL STATISTICS INNOVATION INNOVATION POLICY INSTRUMENTAL VARIABLES INTERVENTIONS LINEAR REGRESSION MANUFACTURING MANUFACTURING INDUSTRY MARKET DEMAND METAANALYSIS METHODOLOGIES METHODOLOGY MODELING OPEN ACCESS PEER REVIEW PERFORMANCE MEASURE PRECISION PRIVATE INVESTMENT PRIVATE SECTOR PROBABILITY PRODUCT INNOVATION PRODUCT INNOVATIONS PRODUCTIVITY PUBLIC FUNDS QUALITATIVE DATA REASONING REGULATORY FRAMEWORKS RELIABILITY RESEARCH DESIGN RESEARCH FINDINGS RESEARCH FUNDING RESEARCH INSTITUTES RESEARCH PROJECTS RESEARCH WORKING PAPERS RESEARCHERS RESULT RESULTS SAMPLE SELECTION SAMPLE SIZE SEARCH ENGINES SEARCHES SERVER SHOW HOW SIMULATION SIMULATION METHODS SIMULATION TECHNIQUES SIMULATIONS SIMULTANEOUS EQUATIONS STANDARD DEVIATION STANDARD ERRORS STATA STATISTICAL ANALYSIS STATISTICAL SIGNIFICANCE STRUCTURAL MODELING SURVEY DATA SYSTEM FAILURES TARGETS TAX INCENTIVES TECHNIQUES TECHNOLOGICAL INNOVATION TECHNOLOGY DEVELOPMENT TIME SERIES USER USES VARIABILITY VERIFICATION WEB WEIGHTING impact R&D R&D EXPENDITURES R&D FINANCING R&D PROJECTS |
| spellingShingle |
ACHIEVEMENTS BASIC RESEARCH BASIC SCIENCES BIASES BUSINESS DEVELOPMENT BUSINESS RESEARCH BUSINESS SECTOR BUSINESSES CAPABILITIES CAPITAL ASSETS CASH FLOWS CONFIDENCE INTERVALS CONFIDENCE LIMITS CORRELATIONS DATA ANALYSIS DESCRIPTIVE STATISTICS DUMMY VARIABLES EMAIL ADDRESSES ESTIMATORS EVALUATION METHODOLOGY EVALUATION METHODS EVALUATION STUDIES EXPERIMENTAL STUDIES EXPERIMENTS EXPLORATION FINANCIAL CONSTRAINTS FINANCIAL RESOURCES FOREIGN DIRECT INVESTMENTS GOVERNMENT FUNDING HUMAN CAPITAL ID INDEPENDENT VARIABLES INFERENTIAL STATISTICS INNOVATION INNOVATION POLICY INSTRUMENTAL VARIABLES INTERVENTIONS LINEAR REGRESSION MANUFACTURING MANUFACTURING INDUSTRY MARKET DEMAND METAANALYSIS METHODOLOGIES METHODOLOGY MODELING OPEN ACCESS PEER REVIEW PERFORMANCE MEASURE PRECISION PRIVATE INVESTMENT PRIVATE SECTOR PROBABILITY PRODUCT INNOVATION PRODUCT INNOVATIONS PRODUCTIVITY PUBLIC FUNDS QUALITATIVE DATA REASONING REGULATORY FRAMEWORKS RELIABILITY RESEARCH DESIGN RESEARCH FINDINGS RESEARCH FUNDING RESEARCH INSTITUTES RESEARCH PROJECTS RESEARCH WORKING PAPERS RESEARCHERS RESULT RESULTS SAMPLE SELECTION SAMPLE SIZE SEARCH ENGINES SEARCHES SERVER SHOW HOW SIMULATION SIMULATION METHODS SIMULATION TECHNIQUES SIMULATIONS SIMULTANEOUS EQUATIONS STANDARD DEVIATION STANDARD ERRORS STATA STATISTICAL ANALYSIS STATISTICAL SIGNIFICANCE STRUCTURAL MODELING SURVEY DATA SYSTEM FAILURES TARGETS TAX INCENTIVES TECHNIQUES TECHNOLOGICAL INNOVATION TECHNOLOGY DEVELOPMENT TIME SERIES USER USES VARIABILITY VERIFICATION WEB WEIGHTING impact R&D R&D EXPENDITURES R&D FINANCING R&D PROJECTS Correa, Paulo Andrés, Luis Borja-Vega, Christian The Impact of Government Support on Firm R&D Investments : A Meta-Analysis |
| relation |
Policy Research Working Paper;No. 6532 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Correa, Paulo Andrés, Luis Borja-Vega, Christian |
| author_facet |
Correa, Paulo Andrés, Luis Borja-Vega, Christian |
| author_sort |
Correa, Paulo |
| title |
The Impact of Government Support on Firm R&D Investments : A Meta-Analysis |
| title_short |
The Impact of Government Support on Firm R&D Investments : A Meta-Analysis |
| title_full |
The Impact of Government Support on Firm R&D Investments : A Meta-Analysis |
| title_fullStr |
The Impact of Government Support on Firm R&D Investments : A Meta-Analysis |
| title_full_unstemmed |
The Impact of Government Support on Firm R&D Investments : A Meta-Analysis |
| title_sort |
impact of government support on firm r&d investments : a meta-analysis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/07/18007264/impact-government-support-firm-rd-investments-meta-analysis http://hdl.handle.net/10986/15890 |
| _version_ |
1764431877662310400 |