Access the full text.
Sign up today, get DeepDyve free for 14 days.
H. Görg, E. Strobl (2005)
The Effect of R&D Subsidies on Private R&DIO: Empirical Studies of Firms & Markets
P. Slovic, Baruch Fischhoff, S. Lichtenstein (1982)
Judgment under uncertainty: Facts versus fears: Understanding perceived risk
S. Wallsten (2000)
The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research ProgramThe RAND Journal of Economics, 31
(1980)
Labile values: A challenge for risk assessment
Kwangdong Park, B. Kim, S. Seong, Soo Choi, N. Kim, Jongwoo Chung (2013)
Small and medium enterprises legal system
P Slovic, B Fischhoff, S Lichtenstein (1980)
Assessment: How safe is safe enough
(1996)
A study on the credit system based on technology appraisal (in Korean). Science and Technology Policy Institute (STEPI), Seoul
(1992)
A model of growth through creative destruction
Alwyn Young (1994)
The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth ExperienceNBER Working Paper Series
(1974)
Heuristics and Biases
Z Griliches (1995)
Handbook of the economics and technological change
M. Arellano, O. Bover (1995)
Another look at the instrumental variable estimation of error-components modelsJournal of Econometrics, 68
G. Grossman, E. Helpman (1989)
Quality Ladders in the Theory of GrowthInternational Trade
Paul M Romer (1990)
Endogenous technological changeJournal of Political Economy, 98
Bronwyn Hall, J. Mairesse (1992)
Exploring the Relationship between R&D and Productivity in French Manufacturing FirmsERN: Other European Economics: Microeconomics & Industrial Organization (Topic)
JT Scott (1984)
R&D, patents and productivity
Isabel * (1999)
An Empirical Evaluation of The Effects of R&D SubsidiesEconomics of Innovation and New Technology, 9
E. Özçelik, E. Taymaz (2008)
R&D support programs in developing countries: The Turkish experienceResearch Policy, 37
Matthias Almus, D. Czarnitzki (2003)
of Public R&D Subsidies on Firms' Innovation Activities: The Case of Eastern Germany
M. Ercolani (2004)
Panel Data Econometrics: Advanced Texts in EconometricsThe Economic Journal, 114
(2010)
The effect of risk-sharing government subsidy on corporate R&D investment: Evidence from Korea
(2008)
The impact of R&D on value added for domestic and foreign firms in a newly industrial economy
T Shin (1998)
Using Delphi for a long-range technology forecasting, and assessing directions of future R&D activitiesTechnological Forecasting and Social Change, 58
(1984)
Firms versus industry variability in R&D
T. Anderson, C. Hsiao (1981)
Estimation of Dynamic Models with Error ComponentsJournal of the American Statistical Association, 76
A Young (1995)
The tyranny of numbers: Confronting statistical realities of the East Asian growth experienceQuarterly Journal of Economics, 110
Jim Stacy (2007)
Measuring productivity.MLO: medical laboratory observer, 39 5
Guy Ben-Ari, Nicholas Vonortas (2007)
Risk financing for knowledge-based enterprises: Mechanisms and policy optionsScience and Public Policy, 34
D. Leyden, A. Link (1991)
Why are governmental R&D and private R&D complements? (research and development).
(2013)
Tax incentives for promotion of the SMEs’ R&D activities (in Korean). Seoul: KOSBI
Emmanuel Duguet (2003)
Are R&D Subsidies a Substitute or a Complement to Privately Funded R&D? Evidence from France Using Propensity Score Methods for Non-Experimental DataIO: Productivity
Jeffrey Woodbridge (2002)
Econometric Analysis of Cross Section and Panel Data
Z Griliches (1986)
Productivity, R&D and basic research at firm level in 1970sAmerican Economic Review, 76
DP Leyden, AN Link (1991)
Why are governmental R&D and private R&D complements?Applied Economics, 23
R Griffith, E Huergo, J Mairesse, B Peters (2006)
Innovation and productivity across four European countriesOxford Review of Economic Policy, 22
P. David, Bronwyn Hall, Andrew Toole (2000)
Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric EvidenceResearch Policy, 29
G. Cerulli (2010)
Modelling and Measuring the Effect of Public Subsidies on Business R&D: A Critical Review of the Econometric LiteratureEconometrics: Econometric & Statistical Methods - General eJournal
S Shin, J Woo (2013)
Tax incentives for promotion of the SMEs’ R&D activities (in Korean)
Taeyoung Shin (1998)
Using Delphi for a Long-Range Technology Forecasting, and Assessing Directions of Future R&D Activities The Korean ExerciseTechnological Forecasting and Social Change, 58
D Czarnitzki, C Lopes-Bento (2013)
Value for money? New microeconometric evidence on public R&D grants on FlandersResearch Policy, 42
T. Klette, Jarle Møen (1998)
From Growth Theory to Technology Policy - Coordination Problems in Theory and PracticeNordic Journal of Political Economy, 25
D Czarnitzki, G Licht (2006)
Additionality of public R&D grants in a transition economy: The case of eastern GermanyEconomics of Transition, 14
Saul Lach (2000)
Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from IsraelWiley-Blackwell: Journal of Industrial Economics
Björn Alecke, Janina Reinkowski, T. Mitze, G. Untiedt (2012)
Does Firm Size make a Difference? Analysing the Effectiveness of R&D Subsidies in East GermanyGerman Economic Review, 13
R. Blundell, Stephen Bond (1998)
Initial Conditions and Moment Restrictions in Dynamic Panel Data Models
Bronwyn Hall, A. Maffioli (2011)
NBER WORKING PAPER SERIES EVALUATING THE IMPACT OF TECHNOLOGY DEVELOPMENT FUNDS IN EMERGING ECONOMIES: EVIDENCE FROM LATIN AMERICA
Hans Lööf, Bettina Peters, N. Janz (2004)
Innovation and Productivity in German and Swedish Manufacturing Firms : Is there a common story?Problems and perspectives in management, 2
B. Pottelsberghe, D. Guellec (2001)
R&D and productivity growth: a panel data analysis of 16 OECD countriesULB Institutional Repository, 33
K. Arrow (1962)
Economic Welfare and the Allocation of Resources for Invention
D. Czarnitzki, G. Licht (2006)
Additionality of Public R&D Grants in a Transition EconomyCorporate Finance: Valuation
BH Hall, A Maffioli (2008)
Evaluating the impact of technology development funds in emerging economies: evidence from Latin AmericaEuropean Journal of Development Research, 20
Xulia González, Consuelo Pazó (2008)
Do public subsidies stimulate private R&D spending?Research Policy, 37
A. Hodgkinson (2000)
The Internationalisation Process of Asian Small and Medium Firms
(2000)
The affect heuristic in judgments of risks and benefitsJournal of Behavioral Decision Making, 13
GM Grossman, E Helpman (1991)
Quality ladders in the theory of growthThe Review of Economic Studies, 58
Z. Griliches (1985)
Productivity, R&D, and Basic Research at the Firm Level in the 1970sEconomic History
(1984)
Test of a Schumpeterian model of R&D and market structure. In Z. Griliches (Ed.), R&D, Patents and Productivity
R. Nelson (1959)
The Simple Economics of Basic Scientific ResearchJournal of Political Economy, 67
M. Weisz (2016)
Econometric Analysis Of Panel Data
(1996)
The effects of R&D, foreign technology purchase, and domestic and international spillovers on productivity
J. Zúñiga-Vicente, César Alonso-Borrego, F. Forcadell, J. Galán (2014)
Assessing the Effect of Public Subsidies on Firm R&D Investment: A SurveyEconometrics: Multiple Equation Models eJournal
A Tversky, D Kahneman (1974)
Judgment under uncertainty: Heuristics and biasesScience, 185
D. Czarnitzki, Cindy Lopes-Bento (2012)
Value for Money? New Microeconometric Evidence on Public R&D Grants in FlandersEnvironment for Innovation eJournal
P. Krugman (1994)
The Myth of Asia's MiracleForeign Affairs, 73
(1998)
Research and development, innovation, and productivity: An econometric analysis at the firm level
B Fischhoff, P Slovic, S Lichtenstein (1980)
Society, technology and risk assessment
Benni Holemans, L. Sleuwaegen (1988)
Innovation expenditures and the role of government in belgiumResearch Policy, 17
Tai-Yue Wang, Shih-Chien Chien, C. Kao (2007)
The role of technology development in national competitiveness - Evidence from Southeast Asian countriesTechnological Forecasting and Social Change, 74
R. Blundell, Stephen Bond (1999)
GMM Estimation with persistent panel data: an application to production functionsEconometric Reviews, 19
D. Czarnitzki, B. Ebersberger, Andreas Fier (2007)
The Relationship between R&D Collaboration, Subsidies and R&D Performance: Empirical Evidence from Finland and GermanyJournal of Applied Econometrics, 22
M. Wooldridge (2001)
Econometric Analysis of Cross Section and Panel Data, 2nd Edition
(1995)
R&D and productivity; econometric results and measurement issues
P. Romer
Endogenous Technological Change Endogenous Technological Change
Xulia González, J. Jaumandreu, Consuelo Pazó (2001)
Barriers to Innovation and Subsidy EffectivenessThe RAND Journal of Economics, 36
M. Arellano, Stephen Bond (1991)
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment EquationsThe Review of Economic Studies, 58
R. Griffith, Elena Huergo, J. Mairesse, Bettina (2006)
WORKING PAPER SERIES INNOVATION AND PRODUCTIVITY ACROSS FOUR EUROPEAN COUNTRIES
K. Hussinger (2008)
R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection ModelsJournal of Applied Econometrics, 23
L. Kim (1997)
Imitation to Innovation: The Dynamics of Korea's Technological Learning
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.
Small Business Economics – Springer Journals
Published: Jul 26, 2016
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.