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We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no...
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2011. The analysis is based on a structural model of the R&D subsidy process which allows to estimate the benefits of R … of the subsidy on the federal government’s utility as well as on firm profits. Assuming a welfare-maximizing federal … profits are similar to effects on spillovers to the rest of the German economy. Besides results show that the subsidy rate …
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We analyse the effect of public Research and Development (R&D) subsidies on private sector innovativeness for a cross-section of East German firms applying different matching estimations, which are primary based on an estimate of a propensity score. To do so, we use a until now unexplored...
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