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2019年01月28日-

第72回STIG PoPセミナー:研究開発助成の効率性と有効性についての検証

STIG-科学技術イノベーション政策の科学教育プログラム(東京大学)

標記セミナー開催ご案内

Effectiveness and Efficacy of R&D Subsidies: Estimating Treatment Effects with One-sided Noncompliance
(研究開発助成の効率性と有効性についての検証)

講演者: Dr. Philipp Boeing





趣旨

In evaluating the effectiveness of R&D subsidies, the literature so far has completely neglected the possibility of misappropriation of public funds. This paper contributes to the literature by evaluating the causal effect of R&D subsidies on R&D expenditures when monitoring is weak and misappropriation takes place due to moral hazard behavior. Our analysis is based on Chinese firm-level data for the period 2001-2011. Misappropriation is a major concern as we calculate that 42% of grantees misused R&D subsidies, corresponding to 53% of the total amount of R&D subsidies. In a setting with one-sided noncompliance to funding contract rules, we differentiate between the intention-to-treat (ITT) effect and the complier average causal effect (CACE). The ITT shows how effective the R&D policy was in practice when misappropriation exists. The CACE, in contrast, depicts how effective the policy could have been without misappropriation and thus is a measure for the efficacy of the R&D subsidy policy. Combining entropy balancing and IV methods to estimate both ITT and CACE, the ITT results show mild partial crowding out of R&D expenditures. Most strikingly, however, the CACE turns out to be more than twice as large as the ITT and confirms additionality of R&D subsidies. Thus, misappropriation of R&D subsidies considerably undermines the efficacy of Chinese R&D programs.

講演者情報

Dr. Philipp Boeing is a researcher with the Centre for European Economic Research (ZEW) Mannheim, Germany in the Department “Economics of Innovation and Industrial Dynamics“. In addition, he is a Visiting Assistant Professor with the China Center for Economic Research, National School of Development at Peking University. His main research interests is the economics of innovation at the firm level, including policy evaluation, the productivity effects of research activities, and the quality of patents. His applied micro-econometric research is particularly concerned with China’s development towards an innovation-driven economy and the impact of this on Europe.

日時

2019年 2月1日(金)16:00 – 18:00

場所

東京大学本郷キャンパス 工学部3号館 ラウンジ講義室211

言語

英語

主催

東京大学STIG教育プログラム

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