02129cas a2200337 a 4500 AALejournalIMF023171 230101c9999 xx r poo 0 0eng d 9798400217968 20.00 USD 1018-5941 BD-DhAAL BD-DhAAL Cherif, Reda. Promoting Innovation : The Differential Impact of R and D Subsidies / Reda Cherif, Fuad Hasanov, Christoph Grimpe, Wolfgang Sofka. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We investigate the effect of R and D subsidies on firms' innovation by ownership, industry, and firm size using German firm-level data. The impact of R and D subsidies is heterogeneous across industries for multinational corporations (MNCs) and domestic firms while it does not differ substantially by firm size. Domestic firms have a larger response in R and D spending in low-tech manufacturing, knowledge-intensive services, and technological services while the response of domestic and foreign MNCs is broadly similar and is greater in medium-tech and high-tech manufacturing. Foreign MNC subsidiaries' response in terms of patents is greater than that of domestic MNCs in most industries. Mode of access: Internet Business Taxes and Subsidies imf Fiscal Policies and Behavior of Economic Agents imf Innovation imf Research and Development imf Technological Change imf Grimpe, Christoph. Hasanov, Fuad. Sofka, Wolfgang. IMF Working Papers; Working Paper ; No. 2022/192 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=192 IMF e-Library