Effects of Public R&D Funding

Bernd Ebersberger, Olavi Lehtoranta

Research output: Book/ReportReportProfessional

Abstract

The aim of this research is to investigate the incentive effects of the funding instruments of the Finnish Funding Agency for Technology and Innovation (Tekes). The data basis for this analysis is the forth wave of the Community Innovation Survey covering the years 2002 to 2004. In addition the analysis uses the database on business subsidies maintained by the research lab of Statistics Finland. The database includes information on public direct business subsidies and loans at the firm level for years 2000-2005. It also includes the business subsidies and loans granted and paid by Tekes. The results based on the microeconometric propensity score matching technique show that the public R&D funding has a significant positive effect on the innovation inputs, innovation outputs and on the collaboration breadth and depth of the funded companies. The stochastic frontier analysis reveals that the public R&D funding reduces the inefficiency of the innovation production process. The input into the innovation process is captured by the innovation expenditures. The innovation output is proxied by the number of patent applications.
Original languageEnglish
Place of PublicationEspoo
PublisherVTT Technical Research Centre of Finland
Number of pages30
ISBN (Electronic)978-951-38-7161-1
Publication statusPublished - 2008
MoE publication typeNot Eligible

Publication series

NameVTT Working Papers
PublisherVTT
No.100
ISSN (Electronic)1459-7683

Fingerprint

Funding
Innovation
Data base
Subsidies
Loans
Stochastic frontier analysis
Finland
Expenditure
Production process
Community Innovation Survey
Inefficiency
Propensity score matching
Microeconometrics
Innovation process
Incentive effect
Statistics
Patents

Keywords

  • public R&D funding
  • funding instruments
  • innovations
  • innovation expenditures
  • innovation output
  • treatment effect analysis
  • CIS Survey

Cite this

Ebersberger, B., & Lehtoranta, O. (2008). Effects of Public R&D Funding. Espoo: VTT Technical Research Centre of Finland. VTT Working Papers, No. 100
Ebersberger, Bernd ; Lehtoranta, Olavi. / Effects of Public R&D Funding. Espoo : VTT Technical Research Centre of Finland, 2008. 30 p. (VTT Working Papers; No. 100).
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Ebersberger, B & Lehtoranta, O 2008, Effects of Public R&D Funding. VTT Working Papers, no. 100, VTT Technical Research Centre of Finland, Espoo.

Effects of Public R&D Funding. / Ebersberger, Bernd; Lehtoranta, Olavi.

Espoo : VTT Technical Research Centre of Finland, 2008. 30 p. (VTT Working Papers; No. 100).

Research output: Book/ReportReportProfessional

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AB - The aim of this research is to investigate the incentive effects of the funding instruments of the Finnish Funding Agency for Technology and Innovation (Tekes). The data basis for this analysis is the forth wave of the Community Innovation Survey covering the years 2002 to 2004. In addition the analysis uses the database on business subsidies maintained by the research lab of Statistics Finland. The database includes information on public direct business subsidies and loans at the firm level for years 2000-2005. It also includes the business subsidies and loans granted and paid by Tekes. The results based on the microeconometric propensity score matching technique show that the public R&D funding has a significant positive effect on the innovation inputs, innovation outputs and on the collaboration breadth and depth of the funded companies. The stochastic frontier analysis reveals that the public R&D funding reduces the inefficiency of the innovation production process. The input into the innovation process is captured by the innovation expenditures. The innovation output is proxied by the number of patent applications.

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Ebersberger B, Lehtoranta O. Effects of Public R&D Funding. Espoo: VTT Technical Research Centre of Finland, 2008. 30 p. (VTT Working Papers; No. 100).