R&D investment responses to R&D subsidies : a theoretical analysis and a microeconometric study

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Considering the observed patterns of R&D investment, we argue that a model which allows for a positive feedback from already acquired knowledge to the productiveness of

In the following, we apply two alternative approaches that utilise the available proposal evaluation data to try to estimate the causal effect of subsidies from the Research Council

Weak governance at each stage of the preparation of construction projects for public investment can result in a higher risk of corruption and allow poor projects to

Out of the seven projects receiving funding during the 2 nd project call, five projects seem to have produced results (products, new technology, systems for

projects have an increased likelihood of receiving direct R&D grants from the Research Council in the same year. At the individual firm level, therefore, direct subsidies and

We see that small or medium amounts of support have a marginal or even non-existing effect, while large amounts of aid given to start-up firms increase sales revenue, employment

Some other notable results from the upper part of Table 7 are the following: 1) The expected number of patent applications or granted patents per year (μ) is close to the estimated