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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

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • 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