The Longer Term Effects of Federal Subsidies on Firm Commercialization and Survival:Evidence from the Advanced Technology Program

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  • March 20, 2019
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  • Smith, Daniel
    • Affiliation: College of Arts and Sciences, Department of Public Policy
Abstract
  • The goal of this dissertation is to determine the longer term (5-10 year) causal impact of federal R&D subsidies on firms’ survival outcomes and commercialization behavior. The data are small firms which applied to the 1998-2000 Advanced Technology Program (ATP) competitions. A variant of the research design pioneered by Heckman (1979) allows for inherent pre-award differences between awarded and non-awarded firms to be taken into account. This dissertation finds that receiving an ATP award has a positive and significant causal impact on a firm’s survival chances and new product announcements, but not on the more general likelihood of it commercializing any of its research.
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  • In Copyright
Advisor
  • Anderson, Gary
  • Cross, Jason
  • Feldman, Maryann
  • Moulton, Jeremy
  • Gitterman, Daniel
Degree
  • Doctor of Philosophy
Degree granting institution
  • University of North Carolina at Chapel Hill Graduate School
Graduation year
  • 2016
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