The impact of public R&D subsidy on small firm productivity: evidence from Korean SMEs

被引：90
|
作者：
Cin, Beom Cheol [1 ]
Kim, Young Jun [2 ]
Vonortas, Nicholas S. [3 ,4 ,5 ]
机构：
[1] Kyonggi Univ, Dept Econ, Suwon, South Korea
[2] Korea Univ, Grad Sch Management Technol, Dept Management Technol, Seoul, South Korea
[3] George Washington Univ, Ctr Int Sci & Technol Policy, Washington, DC USA
[4] George Washington Univ, Dept Econ, Washington, DC USA
[5] Univ Estadual Campinas, Sao Paulo Excellence Chair, Campinas, SP, Brazil
来源：
SMALL BUSINESS ECONOMICS | 2017年 / 48卷 / 02期
基金：
巴西圣保罗研究基金会;
关键词：
SMEs; R&D; Research subsidy; Productivity; DEVELOPMENT GRANTS; INNOVATION; GOVERNMENT; STIMULATE; PROGRAMS; GROWTH; LEVEL;
D O I：
10.1007/s11187-016-9786-x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper explores the effects of R&D promotion policy on SME performance. We use a large panel data set on public R&D subsidies to Korean manufacturing firms. We control for counterfactual outcomes employing the DID (difference in differences) estimation procedure as well as for the endogeneity of the R&D investment and the R&D subsidy using the 2-stage Tobit/Logit DPD (dynamic panel data) procedure. We find significant evidence for positive effects of the public R&D subsidy on both the R&D expenditure and the value added productivity of Korean manufacturing SMEs. The policy thus appears to have been successful in fostering technological advancement and in promoting economic growth.
引用
收藏
页码：345 / 360
页数：16
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