The scientific community is engaged in an active debate on the value of its peer-review system. Does peer review actually serve the role we envision for it—that of helping government agencies predict what ideas have the best chance of contributing to scientific advancement? Many federal...

We study how the outputs of research spill over technological and geographic space in the context of the U.S. Small Business Innovation Research program. We infer input-output links using text analyses and identify the marginal costs of producing patents using noncompetitive grant matching...

The scientific community is engaged in an active debate on the value of its peer-review system. Does peer review actually serve the role we envision for it--that of helping government agencies predict what ideas have the best chance of contributing to scientific advancement? Many federal...

Direct public support for business R&D is a well-established remedy to market failures, yet empirical evidence on its effectiveness yields conflicting results. The paper investigates the impact of the first European public R&D grant program targeting small and medium enterprises (i.e. the SME...

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...