Lenihan, Helena; Mulligan, Kevin; Doran, Justin; … - 2022
countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to … risk that significant amounts of public funding may translate into little, or no payoffs for the host economy. Our study … provides the first evaluation of 1) whether public R&D funding stimulates additional R&D investment in subsidiaries, 2) whether …