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The “sugar rush” fr...
The “sugar rush” from innovation subsidies : a robust political economy perspective
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- Gustafsson, Anders, 1985- (författare)
- Jönköping University,IHH, Nationalekonomi,The Ratio Institute, Stockholm, Sweden,The Ratio Institute, Sweden;Jönköping University, Sweden,The Ratio Institute (SE)
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- Stephan, Andreas (författare)
- Jönköping University,IHH, Nationalekonomi,IHH, Centre for Family Entrepreneurship and Ownership (CeFEO),The Ratio Institute, Stockholm, Sweden,The Ratio Institute, Sweden;Jönköping University, Sweden,Jönköping International Business School (SE)
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- Hallman, Alice (författare)
- Stockholm School of Economics,Handelshögskolan i Stockholm
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- Karlsson, Nils (författare)
- The Ratio Institute, Stockholm, Sweden,The Ratio Institute (SE)
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(creator_code:org_t)
- 2016-07-06
- 2016
- Engelska.
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Ingår i: Empirica. - : Springer. - 0340-8744 .- 1573-6911. ; 43:4, s. 729-756
- Relaterad länk:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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https://urn.kb.se/re...
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Abstract
Ämnesord
Stäng
- The governments of most advanced countries offer some type of financial subsidy to encourage firm innovation and productivity. This paper analyzes the effects of innovation subsidies using a unique Swedish database that contains firm level data for the period 1997–2011, specifically informa tion on firm subsidies over a broad range of programs. Applying causal treatment effect analysis based on matching and a diff-in-diff approach combined with a qualitative case study of Swedish innovation subsidy programs, we test whether such subsidies have positive effects on firm performance. Our results indicate a lack of positive performance effects in the long run for the majority of firms, albeit there are positive short-run effects on human capital investments and also positive short-term productivity effects for the smallest firms. These findings are interpreted from a robust political economy perspective that reveals that the problems of acquiring correct information and designing appropriate incentives are so complex that the absence of significant positive long-run effects on firm performance for the majority of firms is not surprising.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Causal treatment effect evaluation
- CEM
- Firm performance
- Innovation subsidies
- Market failures
- Robust political economy
- Economics
- Nationalekonomi
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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