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R&D Subsidies and the Performance of High-Tech Start-UpsMassimo G. ColomboPolitecnico di Milano Luca GrilliPolitecnico di Milano Samuele MurtinuPolitecnico di Milano - Dipartimento di Ingegneria Gestionale February 18, 2011 Economics Letters, Vol. 112, No. 1, pp. 97-99 Abstract: We address the key question of the efficacy of R&D policy measures in support of hightech start-ups. Distinguishing between subsidies awarded on a competitive basis and those assigned through an automatic procedure, we show that the former type led to a positive total factor productivity increase of Italian recipient firms, while the latter did not.
Keywords: R&D Subsidies, high-tech entrepreneurship, TFP JEL Classification: L26, L53, O38 Accepted Paper SeriesDate posted: September 19, 2010 ; Last revised: October 17, 2011Suggested Citation |
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