摘要：This article analyzes the potential benefits of industry-
science collaborations for samples of Flemish and
German firms. A firm collaborating with science may
benefit from knowledge spillovers and public subsidies
as industry-science collaborations are often granted
preferred treatment. I shed light on the potential
spillover and subsidy effects by estimating treatment
effect models using nearest neighbour matching
techniques. For both countries, I find positive effects
on business R&D. Firms that engage in industry-
science collaborations invest more in R&D compared
to the counterfactual situation where they would not
collaborate with science. Furthermore, within the
sample of firms collaborating with science, a subsidy
for that collaboration leads, on average, to higher
R&D in the involved firms. Thus there is no full
crowding-out of subsidies targeted to science-industry
collaborations.
