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http://dx.doi.org/10.7464/ksct.2011.17.2.181

Analysis of the Effects of Public R&D Subsidy on Private R&D Investment in the Cleaner Production - Complementary or Crowding-out Effect -  

Ju, Hong-Shin (Department of Energy Policy, Graduate School of Energy and Environment, Seoul National University of Science and Technology)
Kim, Jum-Su (Department of Energy Policy, Graduate School of Energy and Environment, Seoul National University of Science and Technology)
Park, Jung-Gu (Department of Energy Policy, Graduate School of Energy and Environment, Seoul National University of Science and Technology)
Publication Information
Clean Technology / v.17, no.2, 2011 , pp. 181-188 More about this Journal
Abstract
In this study, the complementary or crowding-out effects of public R&D subsidy on private R&D investment in the cleaner production were analysed between the effects and the major determinants (company size, R&D investment intensity, ratio of government investment, R&D manpower intensity). Among 207 firms' projects, the number of the complementary effect was 95 (45.9%) while that of crowding-out effect was 38 (18.4%). Resulting from logistic regression, the higher the R&D investment of sponsored companies is, the more complementary effect they show, responding to public R&D subsidy, and increase own R&D investment. The other determinants, however, showed no significant effects on firms' R&D investment. To heighten the effect of public cleaner production R&D, it is need to increase the priority of R&D investment intensity among the determinants. And to increase the performance of governmental R&D investment, further studies for the individual public R&D programs are necessary.
Keywords
Governmental R&D subsidy; Private R&D investment; Cleaner production R&D; Complementary or crowding-out effects;
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