Czarnitzki, Dirk; Delanote, Julie - 2016 - This version: May 2016
This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon–Duguet–Mairesse (CDM … R&D investment. In addition, results point to positive output effects of both purely privately funded and subsidy …–induced R&D. Furthermore, we do not find evidence of a premium or discount of subsidy–induced R&D in terms of its marginal …