Promoting Innovation: The Differential Impact of R&D Subsidies

Reda Cherif, Fuad Hasanov, Christoph Grimpe, Wolfgang Sofka

We investigate the effect of R&D subsidies on firms' innovation by ownership, industry, and firm size using German firm-level data. The impact of R&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&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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Year of publication:	2022
Authors:	Chérif, Réda
Other Persons:	Hasanov, Fuad (contributor) ; Grimpe, Christoph (contributor) ; Sofka, Wolfgang (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Subvention \| Subsidy \| Technologiepolitik \| Technology policy \| Forschungsfinanzierung \| Research funding \| Innovation

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Erscheint auch als (Druck-Ausgabe):

Cherif, Reda. Promoting Innovation: The Differential Impact of R&D Subsidies. - Washington, D.C. : International Monetary Fund, 2022

Persistent link: https://www.econbiz.de/10015060148