This paper analyses the impact of public innovation subsidies on private innovation expenditure. In the empirical … their innovation effort when participating in public policy schemes. Cross-sectional data at the firm level are used to …

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 …

The bulk of innovation subsidies in Finland are allocated to firms in industries where the employment share of … among young firms. At the firm level, an increase in innovation subsidies is typically associated with an inflow of … innovators from high-productivity firms. These findings suggest that innovation subsidies contribute to economic renewal and the …

led Brazil to figure among the most contradictory countries in the world: if the year 2011 showed Brazil to be the 6th … largest economy in the world, at the same time it continued to be the country with the greatest inequalities in the world and …