Cappelen, Ådne; Raknerud, Arvid; Rybalka, Marina - Statistisk Sentralbyrå, Government of Norway - 2013
We address the question of whether the returns to R&D differ between R&D projects funded by public grants and R&D in general. To answer this question, we use a flexible production function that distinguishes between different types of R&D by source of finance. Our approach requires no adjustment...