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Einladung: WIFO-Extern zum Thema "The Effect of Government Research Grants on Firm Innovation: Theory and Evidence from Austria"
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Sehr geehrte Damen und Herren,
das WIFO lädt Sie herzlich zum nächsten Termin der Vortragsreihe WIFO-Extern ein:
Mittwoch, 5. April 2017, 13:15 Uhr
WIFO, Kleiner Sitzungssaal
Rainer Widmann (Kellogg School of Management at Northwestern University)
"The Effect of Government Research Grants on Firm Innovation: Theory and Evidence from Austria"
Kommentar: Harald Oberhofer (WU/WIFO)
Abstract:
This paper examines the effect of government research grants on firms' patenting outcomes. Discontinuities in the funding decisions of the Austrian Research Promotion Agency (FFG) allow to study the effect of public funding in a large sample of Austrian firms. My estimates suggest that a government research grant increases the propensity to file a patent application with the European Patent Office within 4 years by around 10 percentage points. Stronger effects appear for established firms of advanced age. I present evidence that established firms undertake ambitious research projects when they receive grants. Finally, I interpret the findings in an "exploration vs. exploitation" model in which the government agency addresses inefficiency in the direction of research.
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Wir würden uns freuen, Sie zu diesem Vortrag am WIFO begrüßen zu dürfen!
Christian Glocker
WIFO – Österreichisches Institut für Wirtschaftsforschung
Arsenal, Objekt 20
1030 Wien
Tel.: +43 (1) 798 26 01-303
Fax: +43 (1) 798 93 86
Web: http://www.wifo.ac.at
E-Mail: Christian.Glocker@wifo.ac.at
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