Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/201317 
Title (translated): 
The Impact of R&D Subsidies on Labor Productivity
Year of Publication: 
2014
Series/Report no.: 
ETLA Report No. 35
Publisher: 
The Research Institute of the Finnish Economy (ETLA), Helsinki
Abstract (Translated): 
We summarize and compare previous studies considering the impact of R&D subsidies on firm-level labor productivity. These studies conclude quite consistently that the subsidies provided by Tekes do not have statistically significant impact on its client firms’ labor productivity. These studies go astray from the outset, however, as they neither measure what Tekes is set out to do nor correspond to its stated missions. Furthermore, serious methodological issues remain unaddressed both by these studies and by the literature at large. Our findings call for extensive effort in developing a more appropriate tool box for evaluating the impacts of innovation policy.
Subjects: 
Tekes
R&D subsidies
Productivity
Policy evaluation
JEL: 
L52
L53
O25
Document Type: 
Research Report

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