Barriers to innovation and subsidy effectiveness

González, X.; Jaumandreu, Jordi; Pazó, Consuelo

dc.contributor.author	González, X.
dc.contributor.author	Jaumandreu, Jordi
dc.contributor.author	Pazó, Consuelo
dc.date.accessioned	2009-09-16T10:21:38Z
dc.date.available	2009-09-16T10:21:38Z
dc.date.issued	2005
dc.identifier.bibliographicCitation	Rand Journal of Economics. 2005, vol. 36, nº 4, p. 930-950
dc.identifier.issn	1756-2171
dc.identifier.uri	http://hdl.handle.net/10016/5202
dc.description.abstract	We explore the effects of subsidies by means of a model of firms' decisions about performing R&D when some government support can be expected. We estimate it with data on about 2,000 performinga nd nonperformingS panishm anufacturingfi rms. Wec omputet he subsidies required to induce R&D spending, we detect the firms that would cease to perform R&D without subsidies, and assess the change in the privately financed effort. Results suggest that subsidies stimulate R&D and some firms would stop performing in their absence, but most actual subsidies go to firms that would have performed R&D otherwise. We find no crowding out of private funds.
dc.format.mimetype	application/pdf
dc.language.iso	eng
dc.publisher	RAND Corporation
dc.rights	©RAND Corporation
dc.title	Barriers to innovation and subsidy effectiveness
dc.type	article
dc.type.review	PeerReviewed
dc.description.status	Publicado
dc.subject.eciencia	Economía
dc.rights.accessRights	openAccess