Journal Article
No. 2019-2 |
January 08, 2019
Are R&D subsidies effective? The effect of industry competition
Abstract
In this study, the author explores the effect of industry competition on public R&D subsidy effectiveness. He finds a non-linear threshold effect of industry competition on R&D subsidy effectiveness. Specifically, R&D subsidy effectiveness reaches its peak when industry competition lies between two estimated thresholds.
