Working Paper Series
How Effective are Government R&D Subsidies: The Empirical Evidence
Abstract: Government subsidized industrial R & D stands for a large
and increasing segment of the total R & D conducted. Yet very little is
known about the effectiveness of such subsidies. This paper summarizes the
empirical literature concerning direct project subsidies, tax credits, and
support for industrial research institutes. This helps to identify what
makes government policy effective from the government's perspective and how
it affects firms.
Keywords: Subsidies; R&D; summary; (follow links to similar papers)
JEL-Codes: H21; H23; O31; (follow links to similar papers)
23 pages, December 1987
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