Subsidized and Non-subsidized R&D Projects: Do They Differ?
34 Pages Posted: 31 Oct 2017
Date Written: 2017
Little is known about whether and to what extent the outcome of subsidized and non-subsidized R&D projects differ. In this paper we exploit a novel dataset of patent applications filed in Germany between 1995-2005, which allows us to identify if a patent application stems from a subsidized project or not. We use a variety of patent indicators to elucidate to what extent successful subsidized and non-subsidized R&D projects within the same firm differ. Results show that patent applications from subsidized R&D projects have a higher private value, are more often co-applied, more general, but less original, and have larger inventor teams when compared to all other patent applications filed by the same firms. These differences seem to reflect that thematic R&D programs aim to support collaborative R&D projects that have an immediate economic utilization of results.
Keywords: R&D, subsidies, patents, evaluation, project-level analysis, within firm comparison
JEL Classification: H25, H50, O31, O34, O38
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