Heterogeneity of returns to business R&D: what makes a difference?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F21%3A00544626" target="_blank" >RIV/00216208:11640/21:00544626 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11230/21:10428916
Result on the web
<a href="https://doi.org/10.18267/j.pep.767" target="_blank" >https://doi.org/10.18267/j.pep.767</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.pep.767" target="_blank" >10.18267/j.pep.767</a>
Alternative languages
Result language
angličtina
Original language name
Heterogeneity of returns to business R&D: what makes a difference?
Original language description
Business R&D spending has been shown to exert both direct and indirect positive effects on value added. Nevertheless, the heterogeneity of the returns to R&D has seldom been examined. Using detailed sectoral data from Czechia over the period 1995–2015, this study finds that privately funded business R&D has both direct and spillover effects, but that the publicly funded part of business R&D only leads to spillovers. The results further suggest that both upstream and downstream spillovers matter, regardless of the source of funding, and that during the period studied, R&D returns were heavily affected by the economic crisis. Lastly, private R&D offers significant returns only after reaching a critical mass, while the effects of public R&D spending do not display such non-linearity. This heterogeneity in the returns to business R&D should be reflected in innovation policy design.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA17-09265S" target="_blank" >GA17-09265S: Frontiers of empirical research on public financing of business R&D and innovation</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Prague Economic Papers
ISSN
1210-0455
e-ISSN
2336-730X
Volume of the periodical
30
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
19
Pages from-to
253-271
UT code for WoS article
000661289400001
EID of the result in the Scopus database
2-s2.0-85108793413