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Department of Economics, Aarhus School of Business, University of Aarhus Working Papers, Department of Economics, Aarhus School of Business, University of Aarhus

No 11-2:
New Perspectives on the Evaluation of Public R&D Funding

Marianna Marino (), Pierpaolo Parrotta and Davide Sala

Abstract: Any economic criteria for an ecient allocation of resources is based on marginal \thinking". Such criteria can equally be applied to the evaluation of the public allocation of R&D funds. Di erently from the usual evaluation schemes - mainly dichotomous - this study implements the continuous treatment matching approach to investigate the optimality of the modulation of public grants. With this method, the marginal treatment e ects can be identi ed and sub-optimal amounts of public funding determined. Although we can distinguish cases of input additionality, the substitutability outcome seems to prevail also when unobserved heterogeneity is accounted for

Keywords: Public R&D funding; optimal amount of R&D funds; substitutability outcome; (follow links to similar papers)

JEL-Codes: C14; H50; (follow links to similar papers)

32 pages, December 1, 2010

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