10.17889/E112080
Iachini, Eleonora
Bronzini, Raffaello
Replication data for: Are Incentives for R&D Effective? Evidence from a Regression Discontinuity Approach
ICPSR Inter-university Consortium for Political and Social Research
2014
10.1257/pol.6.4.100
10.1257/pol.6.4.100
V0
This paper evaluates a unique R&D subsidy program implemented
in northern Italy. Firms were invited to submit proposals for new
projects and only those which scored above a certain threshold
received the subsidy. We use a sharp regression discontinuity
design to compare the investment spending of subsidized firms with
that of unsubsidized firms. For the sample as a whole we find no
significant increase in investment. This overall effect, however, masks
substantial heterogeneity in the program's impact. We estimate that
small enterprises increased their investments- by approximately the
amount of the subsidy they received- whereas larger firms did not.