-tech sectors. Therefore, the effect of subsidies on both R&D input and R&D output is compared between independent high-tech young … highest for independent high-tech firms. The indirect effect of subsidies on R&D output is evaluated within a patent …

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. …