Boeing, Philipp; Peters, Bettina - 2024
We investigate the misuse of R&D subsidies and evaluate its consequences for policy effectiveness. Developing a … subsidies for non-R&D purposes, accounting for 53% of total R&D subsidies. Misuse leads to a substantial loss in the causal … impact of R&D subsidies, as measured by the difference between the intention-to-treat and complier average causal effect. R …