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Evaluating the impact of innovation incentives: evidence from an unexpected shortage of funds.
- Source :
- Industrial & Corporate Change; Dec2015, Vol. 24 Issue 6, p1285-1314, 30p, 2 Diagrams, 6 Charts, 4 Graphs
- Publication Year :
- 2015
-
Abstract
- To evaluate the effect of an R&D subsidy, one needs to know what the subsidized firms would have done without the incentive. This article studies an Italian program of subsidies for the applied development of innovations, exploiting a discontinuity in program financing due to an unexpected shortage of public money. To identify the effect of the program, the study implements a regression discontinuity design and compares firms that applied before and after the shortage occurred. The results indicate that the program was not effective in stimulating innovative investment. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09606491
- Volume :
- 24
- Issue :
- 6
- Database :
- Complementary Index
- Journal :
- Industrial & Corporate Change
- Publication Type :
- Academic Journal
- Accession number :
- 111105625
- Full Text :
- https://doi.org/10.1093/icc/dtu027