Research Paper

The legacy of public subsidies for innovation: input, output and behavioural additionality effects. Research Paper No 21

ERC Research Paper No 21

Associated Themes
  • Innovation

In many countries significant amounts of public funding are devoted to supporting private firms’ R&D and innovation projects through subsidies or grants, loans, and other instruments such as loan guarantees or R&D tax credits. Our interest here is in exploring the mechanisms through which these positive effects occur and in evaluating the legacy effects of public subsidies for private innovation.