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

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