Do research subsidies crowd out private R&D of large firms? Evidence from European Framework Programmes
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DOI: 10.1016/j.respol.2020.103923
Abstract: Abstract We evaluate whether public research subsidies are complements or substitutes to the private R&D spending of large firms. Combining data on the EC’s three most recent Framework Programmes (FP6, FP7 and H2020) with data… read more here.
Keywords: research; private spending; large firms; framework programmes ... See more keywords