Empirical evidence on the effects of public subsidies to R&D at firm level is mixed and contradictory. The paper presents new empirical results based on new dataset, that integrates administrative archives with a balance sheet dataset containing longitudinal information on sales, fixed assets, value added, employment. The impact of incentives is estimated using different samples by dimension, sectors and geographic area. A DID Matching estimator is applied, considering the presence of selection on observables and non observables The results suggest the presence of significant effect on employment and investment, but not on sales and productivity
DE CASTRIS, M. (2013). Are the R&D Subsidies Effective? An Empirical Analysis of the Italian Fund for Technological Innovation. In ISSUES IN REGIONAL ECONOMICS. Bologna : SIE Società Italiana degli Economisti.
Are the R&D Subsidies Effective? An Empirical Analysis of the Italian Fund for Technological Innovation
DE CASTRIS, MARUSCA
2013-01-01
Abstract
Empirical evidence on the effects of public subsidies to R&D at firm level is mixed and contradictory. The paper presents new empirical results based on new dataset, that integrates administrative archives with a balance sheet dataset containing longitudinal information on sales, fixed assets, value added, employment. The impact of incentives is estimated using different samples by dimension, sectors and geographic area. A DID Matching estimator is applied, considering the presence of selection on observables and non observables The results suggest the presence of significant effect on employment and investment, but not on sales and productivityI documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
