Abstract
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 ‘doing better' as a result of government intervention, supported firms appear to exhaust their advantage through merely increasing their innovative expenditures.
Lingua originale | Inglese |
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pagine (da-a) | 646-661 |
Numero di pagine | 16 |
Rivista | Economics Bulletin |
Volume | 2012 |
Stato di pubblicazione | Pubblicato - 2012 |
Keywords
- Innovation subsidies
- Italy