Hud, Martin; Hussinger, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized small and medium sized firms in Germany during the crisis years. In the first crisis...