Boeing, Philipp; Peters, Bettina - 2022 - This version: April 2022
We investigate the misappropriation of R&D subsidies and evaluate its consequences for policy effectiveness. Using …&D subsidies. Misappropriation leads to a substantial loss of the causal impact of R&D subsidies, as measured by the difference of …. Overall, misappropriation has reduced the effectiveness of China’s R&D policy by more than half. …