Moretti, Enrico; Steinwender, Claudia; Van Reenen, John - In: econPol Forum : a bi-monthly journal on European … 26 (2025) 3, pp. 46-51
Research & development (R&D) subsidies, especially defense R&D spending, raise private R&D investment (a crowd-in effect). Public R&D funding increases employment without driving up wages. Supported industries see gains in productivity. International spillovers amplify the impact across...