RT Journal Article
T1 Barriers to innovation and subsidy effectiveness
A1 González, X.
A1 Jaumandreu, Jordi
A1 Pazó, Consuelo
AB 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.
PB RAND Corporation
SN 1756-2171
YR 2005
FD 2005
LK https://hdl.handle.net/10016/5202
UL https://hdl.handle.net/10016/5202
LA eng
DS e-Archivo
RD 1 may. 2024