Promoting Innovation : The Differential Impact of R and D Subsidies /

We investigate the effect of R and D subsidies on firms' innovation by ownership, industry, and firm size using German firm-level data. The impact of R and D subsidies is heterogeneous across industries for multinational corporations (MNCs) and domestic firms while it does not differ substantia...

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Bibliografiske detaljer
Hovedforfatter: Cherif, Reda
Andre forfattere: Grimpe, Christoph, Hasanov, Fuad, Sofka, Wolfgang
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2022.
Serier:IMF Working Papers; Working Paper ; No. 2022/192
Fag:
Online adgang:Full text available on IMF
Beskrivelse
Summary:We investigate the effect of R and D subsidies on firms' innovation by ownership, industry, and firm size using German firm-level data. The impact of R and D subsidies is heterogeneous across industries for multinational corporations (MNCs) and domestic firms while it does not differ substantially by firm size. Domestic firms have a larger response in R and D spending in low-tech manufacturing, knowledge-intensive services, and technological services while the response of domestic and foreign MNCs is broadly similar and is greater in medium-tech and high-tech manufacturing. Foreign MNC subsidiaries' response in terms of patents is greater than that of domestic MNCs in most industries.
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Fysisk beskrivelse:1 online resource (41 pages)
Format:Mode of access: Internet
ISBN:9798400217968
ISSN:1018-5941
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students