Delli Gatti, Domenico; Terranova, Roberta; Turco, Enrico - 2024
Can standard measures of industrial policy such as R&D subsidies or financial support for machine replacement be …. These findings suggests a two-pronged approach to the design of industrial policy, integrating firm-level subsidies with … reproduce the decline in US business dynamism over the last half-century. Our results indicate that R&D subsidies alone are …