New Perspectives on the Evaluation of Public R&D; Funding
Any economic criteria for an eﬃcient allocation of resources is based on marginal “thinking”. Such criteria can equally be applied to the evaluation of the public allocation of R&D; funds. Diﬀerently from the usual evaluation schemes - mainly dichotomous - this study implements the continuous treat- ment matching approach to investigate the optimality of the modulation of public funding. With this method, the marginal treatment eﬀects can be identiﬁed and sub-optimal amounts of public funding determined. Although we can distinguish cases of input additionality, the substitutability outcome seems to prevail also when unobserved heterogeneity is accounted for.
Record created on 2011-01-01, modified on 2016-08-09