Internal and External Effects of R&D Subsidies and Fiscal Incentives: Empirical Evidence Using Spatial Dynamic Panel Models

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Additionality or crowding-out? An overall evaluation of public R&D subsidy on private R&D expenditure (2016, background): “…Whereas the macroeconomic approach evaluates the effectiveness of policies at the sectoral or country level, allowing also for spatial spillovers (Montmartin and Herrera, 2015), the rich microeconomic empirical literature - which our study contributes to - focuses on the role of a specific…”
The impact of government subsidies and enterprises’ R&D investment: A panel data study from renewable energy in China (2016, methodology): “…we thus introduced , 1i tGS − and , 2i tGS − into the panel model, to capture a lagged effect as they have been used in previous studies (Antonelli & Crespi, 2013; Montmartin & Herrera, 2015; Colombo et al., 2013); (2) The amount of firms’ private R&D investment is usually influenced by firm scale.”