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首页> 外文期刊>The journal of technology transfer >The longer term effects of federal subsidies on firm survival: evidence from the advanced technology program
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The longer term effects of federal subsidies on firm survival: evidence from the advanced technology program

机译：联邦补贴对企业生存的长期影响：先进技术计划的证据

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摘要

The goal of this paper is to conduct a survival analysis to determine the causal impact of federal R&D subsidies on firms’ long-term survival. The data are small firms which applied to the Advanced Technology Program (ATP) in 1998 and 2000. The ATP’s focus was on ensuring that early stage, high-risk research was eventually commercialized successfully and resulted in broad economic benefits for society overall. This paper therefore explores whether the knowledge and benefits the ATP initially provided to a firm allowed it to more successfully transition future research projects from development and testing to commercialization. This paper utilizes a variant of the Heckman (Econometrica 47(1):153–161, 1979) research design to control for inherent pre-award differences between awarded and non-awarded firms. By using administrative data on reviewer scores, this analysis shows that the impact of ATP on small firm survival is robust to sample selection. This paper’s findings suggest that recei ving an ATP award can have a significant and positive causal effect on firm survival.
机译：本文的目的是进行生存分析，以确定联邦研发补贴对企业长期生存的因果影响。数据是在1998年和2000年应用于高级技术计划（ATP）的小公司。ATP的重点是确保早期，高风险的研究最终成功商业化，并为整个社会带来广泛的经济利益。因此，本文探讨了ATP最初为公司提供的知识和利益是否使它能够更成功地将未来的研究项目从开发和测试过渡到商业化。本文利用了Heckman（Econometrica 47（1）：153-161，1979）研究设计的一种变体来控制授予和未授予公司之间固有的预先授予差异。通过使用有关审阅者评分的行政数据，此分析表明ATP对小企业生存的影响对于样本选择具有鲁棒性。本文的研究结果表明，获得ATP奖可以对企业生存产生显着积极的因果关系。

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