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首页> 外文期刊>International review of applied economics >R&D subsidies and private R&D expenditures: evidence from Italian manufacturing data
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R&D subsidies and private R&D expenditures: evidence from Italian manufacturing data

机译：研发补贴和私人研发支出：来自意大利制造业数据的证据

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摘要

This paper uses a comprehensive firm level data set for the manufacturing sector in Italy to investigate the effect of government support on privately financed R&D expenditure. Estimates from a non-parametric matching procedure suggest that public assistance has a positive effect on private R&D investment in the sense that the recipient firms achieve more private R&D than they would have without public support. This indicates that the possibility of perfect crowding out between private and public funds can be rejected. Furthermore, in this sample of Italian firms, tax incentives appear to be more effective than direct grants. The paper also examines whether public funding affects the financial sources available for R&D and finds that grants encourage the use of internal sources. The results also show some evidence of positive effects on credit financing for R&D.
机译：本文使用针对意大利制造业的公司级综合数据集来研究政府支持对私人融资R＆D支出的影响。根据非参数匹配程序的估计，从接受企业比没有公共支持的情况下获得更多私人研发的意义上讲，公共援助对私人研发投入具有积极作用。这表明可以拒绝在私人和公共资金之间完全挤占的可能性。此外，在这家意大利公司的样本中，税收优惠似乎比直接赠款更有效。本文还研究了公共资金是否影响可用于研发的资金来源，并发现赠款鼓励内部资金的使用。结果还显示了一些证据，这些证据对研发的信贷融资具有积极作用。

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