The impact of public funding is estimated using firm-level Italian data. Results from a bivariate endogenous switching model show that innovative productivity is negatively affected by the innovation subsidy; far from ‘doing better' as a result of government intervention, supported firms appear to exhaust their advantage through merely increasing their innovative expenditures.
Catozzella, A., Vivarelli, M., The possible adverse impact of innovation subsidies: some evidence from a bivariate switching model, <<ECONOMICS BULLETIN>>, 2012; 2012 (1): 646-661 [http://hdl.handle.net/10807/40744]
The possible adverse impact of innovation subsidies: some evidence from a bivariate switching model
Catozzella, Alessandra;Vivarelli, Marco
2012
Abstract
The impact of public funding is estimated using firm-level Italian data. Results from a bivariate endogenous switching model show that innovative productivity is negatively affected by the innovation subsidy; far from ‘doing better' as a result of government intervention, supported firms appear to exhaust their advantage through merely increasing their innovative expenditures.
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