Page 24 - IDEA Studie 07 2023 TACR

ARE SUBSIDIES TO BUSINESS R&D EFFECTIVE? REGRESSION DISCONTINUITY EVIDENCE FROM THE TA CR ALFA PROGRAMME
Before the subsidy
Regression function fit
3.0 3
SM During t
Regressio
2.5 2.0 1.5 1.0
2
1
0.5 0
-5 0 5 -5
Sample average within bin Polynomial fit of order 1
Before the subsidy
Regression function fit 88
66
44
22
00
-5 0 5 -5
Sample average within bin Polynomial fit of order 1
Sample average within bin
LARGE During t
Regressio
Figure 1: RD plots for privately
Note: The RD plots depict firms in a bandwith of 5 points around the cut-off. The upper before (d-3), the central plot during (d), and the right plot after a subsidy (d+3). The do from local linear regressions with year and call fixed effects (all panels) and additio as controls.
Source: Based on micro data from CZSO (2022), ISVaV (2022) and TACR (2017).
22
Sample average within bin