The possible adverse impact of innovation subsidies: some evidence from a bivariate switching model

Marco Vivarelli, Alessandra Catozzella

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

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 originaleEnglish
pagine (da-a)646-661
Numero di pagine16
RivistaEconomics Bulletin
Volume2012
Stato di pubblicazionePubblicato - 2012

Keywords

  • Innovation subsidies
  • Italy

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