The impact of public funding is estimated using firm-level Italian data. Results from a bivariate endogenous switching model show that innovative productivity is negatively affected by the innovation subsidy; far from â€˜doing better' as a result of government intervention, supported firms appear to exhaust their advantage through merely increasing their innovative expenditures.
|Numero di pagine||16|
|Stato di pubblicazione||Pubblicato - 2012|
- Innovation subsidies