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New Perspectives on the Evaluation of Public R&D Funding

Marianna Marino, Pierpaolo Parrotta () and Davide Sala ()

No 11-2, Working Papers from University of Aarhus, Aarhus School of Business, Department of Economics

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 (search for similar items in EconPapers)
JEL-codes: C14 H50 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2010-12-01
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