Within the last few decades, rising environmental concerns, particularly about global climate change, have forced policy-makers to act in an effort to mitigate further harm. Yet though greenhouse gas emissions and the wasteful use of natural resources are detrimental to the environment,...

This study investigates the effects of an R&D subsidy scheme on participating firms' net R&D investment. Making use of a specific policy design in Belgium that explicitly distinguishes between research and development grants, we estimate direct and cross-scheme effects on research versus...