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

innovative activities of German service firms. We investigate whether firms that receive public subsidies for innovation projects … innovative activities. The more grants a firm has received in the past, the more it invests in current innovation projects …

market mechanism. As a response, public instruments have been implemented to stimulate private innovation activities. The … Establishment Panel and apply various microeconometric methods to estimate the effect of public measures on innovation activities of …

Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …