Scandinavian Working Papers in Economics
Working Papers,
University of Aarhus, Aarhus School of Business, Department of Economics
No 11-2: New Perspectives on the Evaluation of Public R&D Funding
Marianna Marino (), Pierpaolo Parrotta and Davide Sala
Additional contact information
Marianna Marino: College of Management of Technology, Postal: École Polytechnique Fédérale de Lausanne, Station 5, CH-1015 Lausanne, Switzerland
Pierpaolo Parrotta: Department of Economics, Aarhus School of Business, Postal: FRICHSHUSET , Hermodsvej 22, 1st and 2nd floors , DK 8230 Aabyhoej, Denmark
Davide Sala: Department of Economics, Aarhus School of Business, Postal: FRICHSHUSET , Hermodsvej 22, 1st and 2nd floors , DK 8230 Aabyhoej, Denmark
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
32 pages, December 1, 2010
Full text files
11-02_pipadsala.pdf
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