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Radical or incremental: Where does R&D policy hit?


Beck, Mathias; Lopes-Bento, Cindy; Schenker-Wicki, Andrea (2015). Radical or incremental: Where does R&D policy hit? In: The 13th Annual INTERNATIONAL INDUSTRIAL ORGANIZATION CONFERENCE, Boston, 24 April 2015 - 26 April 2015.

Abstract

This study investigates the efficacy of public R&D support. Compared to most existing studies, we do not stop at substitution effects or general innovation outcome measures, but we are interested in knowing where the policy effect is highest: on innovation close to the market (i.e. incremental innovation) or on innovation that is still far from the market and hence more risky and radical. Using firm level data from the period 1999 to 2011, we find that the policy hits where the market failure is highest, that is, for radical innovation. Taking into account that the Swiss funding agency encourages collaboration, we find no evidence that the impact of the policy is positively effected by various R&D collaboration patterns.

Abstract

This study investigates the efficacy of public R&D support. Compared to most existing studies, we do not stop at substitution effects or general innovation outcome measures, but we are interested in knowing where the policy effect is highest: on innovation close to the market (i.e. incremental innovation) or on innovation that is still far from the market and hence more risky and radical. Using firm level data from the period 1999 to 2011, we find that the policy hits where the market failure is highest, that is, for radical innovation. Taking into account that the Swiss funding agency encourages collaboration, we find no evidence that the impact of the policy is positively effected by various R&D collaboration patterns.

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Additional indexing

Item Type:Conference or Workshop Item (Paper), refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Event End Date:26 April 2015
Deposited On:02 Jun 2015 07:56
Last Modified:19 Aug 2017 18:16
Publisher:s.n.
Publisher DOI:https://doi.org/10.1016/j.respol.2016.01.010
Other Identification Number:merlin-id:11962

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