1995
DOI: 10.1016/0048-7333(93)00773-m
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Do subsidies to cooperative R & D actually stimulate R & D investment and cooperation?

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Cited by 36 publications
(28 citation statements)
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“…22 Fölster (1995) studies the effects of different types of R&D subsidies on R&D cooperation and spending for a sample of Swedish industrial firms. Some R&D subsidies require cooperation but allow firms to choose the mode and extent of information sharing (e.g.…”
mentioning
confidence: 99%
“…22 Fölster (1995) studies the effects of different types of R&D subsidies on R&D cooperation and spending for a sample of Swedish industrial firms. Some R&D subsidies require cooperation but allow firms to choose the mode and extent of information sharing (e.g.…”
mentioning
confidence: 99%
“…Although companies ultimately apply the results of R&D, conducting R&D typically is not left to companies alone. Katz (1986) and Fölster (1995) explained that private firm incentives to conduct R&D may be smaller than the socially optimal incentives. Therefore, public subsidies for cooperative R&D may be an effective tool.…”
Section: Introductionmentioning
confidence: 97%
“…70 The implied risk for evaluation programs that adopt commercial indices of success is that they would create just such an incentive to fund R&D activity that would have been funded in any event. 71 Fölster 72 analyzes a sample of 540 R&D projects of Swedish firms and their research competitors. His results indicate that R&D subsidy programs that allow firms to choose the form of cooperation do not increase the probability of cooperation, but increase the incentive to invest in R&D. Subsidies that require firms to cooperate and to share results increase the probability that firms will cooperate, but decrease the incentive to invest in R&D. 73 Rosenfeld 74 reports two case studies of evaluations of US state programs to promote network cooperation among small-and medium-sized enterprises.…”
Section: Government Support For Private Randdmentioning
confidence: 99%