| Titre | Public R&D support for newly founded firms - effects on patent activity and employment growth | |
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| Auteur | Uwe Cantner, Sarah Kösters | |
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Revue | Journal of Innovation Economics |
| Numéro | no 16, 2015 Innovation Nexus Policies & Strategies | |
| Page | 7-37 | |
| Résumé anglais |
By addressing the effectiveness of entrepreneurship policy this paper attempts to fill a gap in the literature. By using a dataset of highly innovative start-ups in the East German state of Thuringia the impact of R&D subsidies on start-ups' employment growth and their patent output is analyzed. Presumed selection biases between subsidized and non-subsidized start-ups are accounted for by conducting propensity score matching. We find that R&D subsidies lead to an increase in employment growth of about 66%. Furthermore, subsidized start-ups show a 2.8 times higher patent output. These estimates provide evidence for the additionality of R&D subsidies within the first three business years. Moreover, our analysis points to a successful policy targeting of academic spin-offs. JEL Codes: O38, H59, C14 Source : Éditeur (via Cairn.info) |
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| Article en ligne | http://www.cairn.info/article.php?ID_ARTICLE=JIE_016_0007 |
