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Do Public Subsidies Complement Business R&D? A Meta‐Analysis of the Econometric Evidence

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  • José García‐Quevedo

Abstract

Analysis of the effects of public financing on private investment in R & D has been the object of numerous applied studies without it having been possible to arrive at a definite conclusion. In this paper the results of a meta‐regression of econometric evidence on the relationship between public funding of R & D and private R & D expenditures is presented. After the creation of a data‐base including all relevant studies and their results and characteristics, a meta‐analysis was carried out to examine whether the characteristics of the applied analysis influence the results and explain the differences in the empirical literature on this subject.

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  • José García‐Quevedo, 2004. "Do Public Subsidies Complement Business R&D? A Meta‐Analysis of the Econometric Evidence," Kyklos, Wiley Blackwell, vol. 57(1), pages 87-102, February.
    • Handle: RePEc:bla:kyklos:v:57:y:2004:i:1:p:87-102
    DOI: 10.1111/j.0023-5962.2004.00244.x
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    1. Arthur M. Diamond, 1999. "Does Federal Funding “Crowd In” Private Funding Of Science?," Contemporary Economic Policy, Western Economic Association International, vol. 17(4), pages 423-431, October.
    2. María Callejón & José García Quevedo, 2002. "Las ayudas a la I+D empresarial. Un an lisis sectorial," Working Papers 2002/6, Institut d'Economia de Barcelona (IEB).
    3. Peter Nijkamp & Jacques Poot, Victoria, 2002. "Meta-Analysis of the Impact of Fiscal Policies on Long-Run Growth," Tinbergen Institute Discussion Papers 02-028/3, Tinbergen Institute, revised 23 Apr 2003.
    4. Raymond J.G.M. Florax & Henri L.F. de Groot & Ruud A. de Mooij, 2002. "Meta-analysis: A Tool for Upgrading Inputs of Macroeconomic Policy Models," Tinbergen Institute Discussion Papers 02-041/3, Tinbergen Institute.
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