Sammanfattning
We study the expected welfare effects of targeted R&D subsidies using project-level data from Finland. We model the application and R&D investment decisions of firms and the subsidy-granting decision of the public agency in charge of the program. Our model and institutional environment allow us to identify different benefits and costs of the R&D subsidy program. We find that expected effects of subsidies are very heterogeneous and estimated application costs low on average. The social rate of return on targeted subsidies is 30% to 50%, but spillover effects of subsidies are smaller than effects on firm profits.
Originalspråk | Engelska |
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Referentgranskad vetenskaplig tidskrift | Review of Economics and Statistics |
Volym | 95 |
Utgåva | 1 |
Sidor (från-till) | 255-272 |
Antal sidor | 18 |
ISSN | 0034-6535 |
DOI | |
Status | Publicerad - 01.03.2013 |
MoE-publikationstyp | A1 Originalartikel i en vetenskaplig tidskrift |
Nyckelord
- 511 Nationalekonomi