The economics of subsidies for R&D: Implications for reform of EU state aid rules
The primary aim of the reform of EU rules on research, development and innovation for the period 2014-20 is to ensure that aid stimulates more research and that it is kept to the minimum necessary. This paper develops a simple model that identifies a number of problems in the public funding of private research and demonstrates that the determination of the optimum subsidy for research is a complex task. The results suggest that research subsidies should be allocated in a way that reduces the amount of subsidy per recipient firm and ensures that the subsidies go to more efficient firms.
Year of publication: |
2013
|
---|---|
Authors: | Nicolaides, Phedon |
Published in: |
Intereconomics. - Heidelberg : Springer, ISSN 1613-964X. - Vol. 48.2013, 2, p. 99-105
|
Publisher: |
Heidelberg : Springer |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Discretion and accountability: An economic analysis of the ESMA judgment and the Meroni doctrine
Nicolaides, Phedon, (2014)
-
Elusive solidarity in an enlarged European Union
Hartwig, Ines, (2003)
-
Preparing for EU membership: the paradox of doing what the EU does not require you to do
Nicolaides, Phedon, (2003)
- More ...