Public Funding of R&D and Growth: Firm-Level Evidence from Finland

H. Piekkola

Economics of Innovation and New Technology, 2007, vol. 16, issue 3, 195-210

Abstract: This study considers employment and productivity growth generated by the public funding of R&D using linked employer-employee data in Finland. Public subsidies, instrumented by available public R&D funding in the industry/region, have a positive effect on productivity growth in small and medium-sized firms and in firms close to the top of their field in productivity.

Keywords: R&D; Public expenditures; Endogenous growth; Linked employer-employee data (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (13)

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DOI: 10.1080/10438590600661897

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