We measure the efficiency of regional innovation systems (RIS) in Germany by means of a knowledge production function … spatial autocorrelation. -- Knowledge ; innovation ; spillovers ; patents ; regional analysis …

recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …

heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and … received, EU grants have higher effects. In terms of output, holding innovation expenditures constant, funding from both … obtained, we find superiority for national funding. -- Subsidies ; Innovation ; Policy Evaluation ; Treatment Effects …