ASSESSING THE EFFECT OF PUBLIC SUBSIDIES ON FIRM R&D INVESTMENT: A SURVEY

作者：José Ángel Zúñiga‐Vicente, César Alonso‐Borrego, Francisco Javier Forcadell, José Ignacio Galán Zazo · 发表于：Journal of Economic Surveys · 年份：2012 · DOI：10.1111/j.1467-6419.2012.00738.x · 被引用次数：499 · 研究领域：Innovation Policy and R&D、Climate Change Policy and Economics

Abstract This survey examines the empirical literature on the relationship between public R&D subsidies and private R&D investment over the past five decades. The survey reveals a considerable heterogeneity of empirical results that cannot be explained fully by methodological issues. We aim to provide further explanations of the possible causes of that heterogeneity. In particular, we emphasise a set of issues that, in our view, are critical to understanding the potential effect of public R&D subsidies on private R&D spending. Special attention is paid to the dynamic aspects and composition of firm R&D, the constraints faced by the firm (such as financial constraints), and the amount and source of public subsidies. None of these issues have been investigated in depth. We formulate a set of research assumptions to guide future empirical research in this field.