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Industrial research versus development investment: the implications of financ...
Previous literature provided evidence on financing constraints for investment in research and development (R&D) activities due to capital market imperfections and special... -
The EU 2020 Innovation Indicator: A Step Forward in Measuring Innovation Outp...
In October 2013, the European Commission presented a new indicator intended to capture innovation outputs and outcomes and thereby “support policy-makers in establishing new or... -
Direct and cross-scheme effects in a research and development subsidy program
This study investigates the effects of an R&D subsidy scheme on participating firms’ net R&D investment. Making use of a specific policy design in Belgium that... -
Estimating the benefits of R&D subsidies for Germany
In Germany, R&D subsidies are an important tool to support innovation in the private sector. This paper studies the welfare effects of R&D subsidies distributed through... -
Formal and Strategic Appropriability Strategies of Multinational Firms: A Cro...
International knowledge spillovers, especially through multinational companies (MNCs), have recently been a major topic of discussion among academics and practitioners. Most... -
Innovation on demand? Can public procurement drive market success of innovati...
Public procurement has been at the centre of recent discussions on innovation policy on both European and national levels (e.g., Aho-Report, Barcelona Strategy). It has a large... -
Voting on Embryonic Stem Cell Research: Citizens More Supportive than Politic...
As the public debate over stem cell research continues, the observable voting behaviour in Switzerland offers a unique opportunity to compare the voting behaviour of politicians... -
The contribution of intangible assets to sectoral productivity growth in the EU
In this paper we report on new data on intangible investment at the level of 1-digit NACE industries of 10 EU countries. The data are constructed as a sectoral breakdown of the... -
The Italian startup act: A microeconometric program evaluation
This paper analyses the impact of the Italian Startup Act which entered into force in December 2012. This public policy provides a unique bundle of benefits, such as tax... -
Competing internationally : on the importance of R&D for export activity
Export is an important factor to improve growth and welfare especially for industrialized small, open economies such as Belgium. Policy may be interested in key variables that... -
Collaborative R&D as a strategy to attenuate financing constraints
The ability of firms to establish R&D collaborations that combine resources, exploit complementary know-how, and internalize R&D externalities has been shown to be of... -
Incorporating innovation subsidies in the CDM framework: empirical evidence f...
This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon–Duguet–Mairesse (CDM) model. Our results largely confirm insights of the... -
Patents as Quality Signals? The Implications for Financing Constraints on R&D
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and... -
The role of creative industries in industrial innovation
This paper analyses the role of creative industries in affecting an economy’s innovation performance. We conducted a survey of more than 2,000 creative industry enterprises from... -
(International) R&D collaboration and SMEs: The effectiveness of targeted pub...
This study analyses the effectiveness of targeted public support for R&D investment. In particular, we test whether the specific policy design aiming at incentivizing...