@article{4ecebe2ea5a148fca2e940c6b99b74ae,
title = "Research versus develop-ment: When are r\&d subsidies most effective?",
author = "Hanna Hottenrott and Cindy Lopes-Bento",
note = "Funding Information: The sample comprises firms that receive at least one grant during the period under review as well as firms that never received a grant. We calculate net expenditures as firms{\textquoteright} annual total spending on R and D less the annualized subsidy amount received in a year (if any). The minimum funding amount over the entire project duration is EUR 100,000 and the grant amount is capped at EUR 3 million per project. The average payment received is EUR 259,000 (median = EUR 111,000). Amounts are highest for mixed grants and lowest for research grants. The average project length is two years with a slightly lower mean for research projects and a higher one for mixed projects.",
year = "2019",
language = "English",
volume = "17",
pages = "16--19",
journal = "CESifo DICE Report",
issn = "1612-0663",
publisher = "Ifo institute for Economic Research e.V.",
number = "4",
}