Czarnitzki, Dirk; Lopes-Bento, Cindy - 2012 - This version: March 2012
positive effects of subsidies on R&D investment and R&D employment. Then, we analyze how the observed effects of subsidies on R …&D intensity and employment vary over time, vary if the firm receives also support from other sources, vary depending on how many … macroeconomic impact of these grants in terms of R&D employment. We conclude that (i) the policies are not subject to full crowding …