This paper studies how national research subsidies affect productivity growth and national welfare through adjustments … and tends to host a larger share of innovation. In this setting, we find that an R&D subsidy expands the implementing … country's share of innovation and raises the rate of productivity growth. Although the non-implementing country experiences a …

tax holidays experience more rapid productivity growth, particularly in R&D-intensive industries, and less so among … productivity growth in R&D-intensive industries. These results are significant and important for governments, especially those in … transition and developing countries, in better targeting their industrial policy to facilitate higher productivity growth. …

this work is to evaluate the nature and extent of such gains. We use information on the ''Nuova Sabatini'' subsidy - an …). Results show that new digital investments have positive effects on productivity and that the policy is effective in boosting …