The Effects of Public R&D Subsidies on Firms' Innovation Activities
研究东德公共研发补贴是否刺激企业创新活动，使用非参数匹配方法发现补贴使企业创新活动增加约4个百分点。
This study analyzes the effects of public R&D policy schemes on the innovation activities of firms in Eastern Germany.-The main question in this context is whether public funds stimulate R&D activities or simply crowd out privately financed R&D. Empirically, we investigate the average causal effects of all public R&D schemes in Eastern Germany using a nonparametric matching approach. Compared to the case in which no public financial means are provided, it turns out that firms increase their innovation activities by about four percentage points.