Heterogeneity of returns to business R&D: what makes a difference?

Kód výsledku v IS VaVaI

RIV/00216208:11640/21:00544626 - isvavai.cz

Nalezeny alternativní kódy

RIV/00216208:11230/21:10428916

Výsledek na webu

https://doi.org/10.18267/j.pep.767

DOI - Digital Object Identifier

10.18267/j.pep.767

Jazyk výsledku

angličtina

Název v původním jazyce

Heterogeneity of returns to business R&D: what makes a difference?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Heterogeneity of returns to business R&D: what makes a difference?

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

GA17-09265S: Hranice empirického výzkumu veřejného financování podnikového VaV a inovací

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Prague Economic Papers

ISSN

1210-0455

e-ISSN

2336-730X

Svazek periodika

30

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

19

Strana od-do

253-271

Kód UT WoS článku

000661289400001

EID výsledku v databázi Scopus

2-s2.0-85108793413