Abstract
In this study, the author explores the effect of industry competition on public R&D subsidy effectiveness. He finds a non-linear threshold effect of industry competition on R&D subsidy effectiveness. Specifically, R&D subsidy effectiveness reaches its peak when industry competition lies between two estimated thresholds.
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CITATION STYLE
APA
Xiang, X. (2019). Are R&D subsidies effective? The effect of industry competition. Economics, 13. https://doi.org/10.5018/economics-ejournal.ja.2019-2
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