ESTIMATING THE BENEFITS OF TARGETED R&D SUBSIDIES

被引：91

作者：

Takalo, Tuomas ^{[1
]}

Tanayama, Tanja ^{[2
]}

Toivanen, Otto ^{[3
]}

机构：

[1] Bank Finland, Helsinki, Finland

[2] Natl Audit Off Finland, Helsinki, Finland

[3] Katholieke Univ Leuven, Louvain, Belgium

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2013年 / 95卷 / 01期

关键词：

GOVERNMENT BUREAUCRACY; REVEALED PREFERENCES; INNOVATION; POLICY; GROWTH; SPILLOVERS; PROGRAMS;

D O I：

10.1162/REST_a_00280

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the expected welfare effects of targeted R&D subsidies using project-level data from Finland. We model the application and R&D investment decisions of firms and the subsidy-granting decision of the public agency in charge of the program. Our model and institutional environment allow us to identify different benefits and costs of the R&D subsidy program. We find that expected effects of subsidies are very heterogeneous and estimated application costs low on average. The social rate of return on targeted subsidies is 30% to 50%, but spillover effects of subsidies are smaller than effects on firm profits.

引用

页码：255 / 272

页数：18

共 54 条

[41] THE SIMPLE ECONOMICS OF BASIC SCIENTIFIC-RESEARCH [J].