Hottenrott, Hanna; Lopes Bento, Cindy; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2014
This study investigates the effects of an R&D subsidy scheme on participating firms’ net R&D investment. Making use of a specific policy design in Belgium that explicitly distinguishes between research and development grants, we estimate direct and cross-scheme effects on research versus...