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| Alessandra Catozzella and Marco Vivarelli |
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| ''The possible adverse impact of innovation subsidies: some evidence from a bivariate switching model'' |
| ( 2012, Vol. 32 No.1 ) |
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| 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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| Keywords: innovation subsidy, policy evaluation, product innovation, bivariate endogenous switching model |
JEL: O3 - Technological Change; Research and Development: General
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| Manuscript Received : Jan 13 2012 | | Manuscript Accepted : Feb 16 2012 |
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