This paper looks at the effectiveness of R&D grants for Canadian plants that already benefit from R&D tax credits. Using a non-parametric matching estimator, we find that firms that benefited from both policy measures introduced more new products than their counterparts that only benefited from R&D tax incentives. They also made more world-first product innovations and were more successful in commercializing their innovations.
Cette étude examine l’efficacité des subventions à la recherche-développement pour les établissements canadiens qui bénéficient déjà de crédits d’impôt à la recherche. En utilisant un estimateur non-paramétrique d’appariement, nous trouvons que les établissements qui bénéficient des deux mesures de soutien à la recherche introduisent plus de nouveaux produits sur le marché que ceux qui ne bénéficient que des crédits d’impôt. Ils réussissent aussi à mettre plus de premières mondiales sur le marché et à mieux commercialiser leurs nouveaux produits.
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Find related papers by JEL classification: C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy
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