韦德官方网站
院长信箱 书记信箱 English

学术科研

学术活动

当前位置: 伟德betvlctor体育官网 -> 学术科研 -> 学术活动 -> 正文

【伟德betvlctor体育官网政治经济学与产业经济学讲座系列】2019年春季学期第一讲: Philipp Boeing

作者:伟德betvlctor体育官网来源: 阅读次数:日期:2019-04-03

 

讲座主题:Effectiveness and Efficacy of R&D Subsidies: Estimating Treatment Effects with One-sided Noncompliance

主讲嘉宾:Philipp BoeingZEW研究员及北京大学中国经济研究中心客座助理教授)

讲座时间:20194月16日(周二),下午2:00-3:30

讲座地点:沙河校区主教508

嘉宾简介:Philipp Boeing博士是德国ZEW欧洲经济研究中心“创新与产业动态经济学”研究部研究员。 此外,他还是北京大学国家发展研究院中国经济研究中心的客座助理教授。 他的主要研究兴趣是公司层面的创新经济学,包括政策评估,研究活动的生产力效应和专利质量。 他目前的研究特别关注中国在创新驱动型经济中的发展及其对欧洲的影响。

内容摘要: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.

上一条:2019金融风险管理科技论坛 暨 中央财经大学金融创新与风险管理研究中心2018年会
下一条:【伟德betvlctor体育官网“龙马经济学双周学术论坛”】2019年春季学期第五讲:Georges Depeyrot

版权所有:bevictor伟德官网 - 韦德官方网站 学院南路校区地址:北京市海淀区学院南路39号 邮编:100081 沙河校区地址:北京市昌平区沙河高教园区 邮编:102206