productivity. As an identification strategy, panel data is used to estimate a structural innovation model that controls for …This paper examines the effects of public subsidies across several dimensions of innovation and the implications for … despite promoting indigenous innovation in the higher technology industries. Policymakers may tolerate lower average efficiency …

effects of public subsidies across multiple stages of innovation and the implications for productivity. The findings reveal … that public subsidies reduce firms' economic performance despite promoting indigenous innovation, at least in the higher …