Employment growth from public support of innovation in small firms
AbstractHerein, we investigate the impacts of the US publicly funded Small Business Innovation Research (SBIR) program's funding on the overall employment growth of SBIR award-recipient firms. This paper is motivated by the US Congress’ continued emphasis on employment growth during its deliberations on the reauthorization of the SBIR program. We set forth a model of employment growth; the model offers a framework through which we can compare a firm's actual level of employment after receipt of an SBIR award and completion of the research project to the level of employment predicted by the firm's characteristics prior to the award. Using data collected by the National Research Council within the National Academies, we estimate our model, and we conclude that, on average, the overall employment effects associated with the SBIR program are large absolutely and relative to dollars of funding, but these effects are, in general, not statistically significant.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.
Volume (Year): 21 (2012)
Issue (Month): 7 (October)
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Web page: http://www.tandfonline.com/GEIN20
Other versions of this item:
- Albert N. Link & John T. Scott, 2012. "Employment Growth from Public Support of Innovation in Small Firms," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number eg, October.
- Link, Albert N. & Scott, John T., 2011. "Employment Growth from Public Support of Innovation in Small Firms," Working Papers 11-17, University of North Carolina at Greensboro, Department of Economics.
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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