Page 22 - IDEA Studie 07 2023 TACR

ARE SUBSIDIES TO BUSINESS R&D EFFECTIVE? REGRESSION DISCONTINUITY EVIDENCE FROM THE TA CR ALFA PROGRAMME
Table 2. RD estimates for
SMEs
During the treatment
After the t Coef. St.
0.73*** 0
0.96** 0 0.51 0 0.74** 0
-0.35 0 -0.27 0
0.54** 0 -0.11 0
Total
Source of R&D funding
Type of R&D costs
R&D expenditure
Private
Public
o/w national funds direct
EU funds direct tax incentive
Current Capital
Coef.
0.48***
0.75*** 0.35* 0.61***
-0.23 -0.25
0.31*** 0.00
St. err. N
0.17 765
0.26 765 0.19 765 0.2 765 0.26 765 0.38 765
0.11 765 0.24 765
Note: RD estimates for a bandwith of 5 points around the cutoff. Columns 2–7 report re and after (d+3) the period of receiving a subsidy, where d varies by project. All estimate and the type of expenditures, a patenting dummy, logs of employment, sales and labour co-operation with a research organisation, the number of project participants, and yea the number of observations. * p<0.1, ** p<0.05, *** p<0.01.
Source: Based on micro data from CZSO (2022), ISVaV (2022) and TACR (2017).
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