, spend more on innovation activities such as research and development and purchase of technology. Increments in innovation … beneficiary firms are caused to privately finance part of the increment on innovation expenditures. This would support the … innovation activities are efficient in the sense that subsidized firm actually accomplish more innovations. Long run effects on …

Panama. All the evaluations were done at the recipient (firm) level using data from innovation surveys, industrial surveys … innovation activities. However, the analysis does not find much statistically significant impact on patents or new product sales …