Public Funding of R&D and Growth: Firm-Level Evidence from Finland

This study considers employment and productivity growth generated by the public funding of R&D using linked employer-employee data in Finland. Public subsidies, instrumented by available public R&D funding in the industry/region, have a positive effect on productivity growth in small and med...

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Bibliographic Details
Published in:Economics of innovation and new technology 2007-04, Vol.16 (3), p.195-210
Main Author: Piekkola, H.
Format: Article
Language:English
Subjects:
Employment
Endogenous growth
Funding
Linked employer-employee data
Productivity
Public expenditures
R Public expenditures
R&D
Research & development
Small & medium sized enterprises-SME
Studies
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Description
Summary:This study considers employment and productivity growth generated by the public funding of R&D using linked employer-employee data in Finland. Public subsidies, instrumented by available public R&D funding in the industry/region, have a positive effect on productivity growth in small and medium-sized firms and in firms close to the top of their field in productivity.
ISSN:1043-8599
1476-8364
DOI:10.1080/10438590600661897