Econometric Evaluation of Public Policies for Science and Innovation: A Brief Guide to Practice
Politecnico di Milano
Università Cattolica del Sacro Cuore
February 18, 2011
POLICIES FOR SCIENCE AND INNOVATION: DESIGH AND EVALUATION, pp. 60-75, M.G. Colombo, L. Grilli, L. Piscitello and C. Rossi Lamastra, eds., Elgar
This work reviews the principal econometric methods used to measure the effects of public R&D subsidies on firm performance. First, we show the main econometric challenges a researcher has to face in estimating the impact of a government policy scheme, by paying special attention to the issues of subsidy endogeneity and selection bias. Then, we review the main features of different methods. A discussion of advantages and drawbacks of each approach is offered to the reader, as well as suggestions for future improvements in this field of economic research.
Number of Pages in PDF File: 25
Keywords: R&D Public Subsidies, Endogeneity, Selection Bias
JEL Classification: C01, C18, L53, O38
Date posted: November 8, 2010 ; Last revised: June 30, 2012
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