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dc.contributor.authorHaapanen, Mika
dc.contributor.authorLenihan, Helena
dc.contributor.authorMariani, Marco
dc.date.accessioned2015-01-14T06:54:18Z
dc.date.available2016-07-11T21:45:05Z
dc.date.issued2014
dc.identifier.citationHaapanen, M., Lenihan, H., & Mariani, M. (2014). Government policy failure in public support for research and development. <i>Policy studies</i>, <i>35</i>(6), 557-575. <a href="https://doi.org/10.1080/01442872.2014.971728" target="_blank">https://doi.org/10.1080/01442872.2014.971728</a>
dc.identifier.otherCONVID_24380132
dc.identifier.otherTUTKAID_64237
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/45086
dc.description.abstractPromoting Research and Development (R&D) and innovative activity is a key element of the EU Lisbon Agenda and is seen as playing a central part in stimulating economic development. In this paper we argue that, even allowing for benevolent policymakers, informational asymmetries can lead to a misallocation of public support for R&D, hence government policy failure, with the potential to exacerbate pre-existing market failures. Initially, we explore alternative allocation mechanisms for public support, which can help to minimize the scale of these government policy failures. Of these mechanisms (grants, tax credits, or allocation rules based on past performance), our results suggest that none is universally most efficient. Rather, the effectiveness of each allocation rule depends on the severity of financial constraints and on the level of innovative capabilities of the firms themselves.
dc.language.isoeng
dc.publisherRoutledge; Policy Studies Institute
dc.relation.ispartofseriesPolicy studies
dc.subject.otherpolicy design
dc.subject.otherpolicy-makers
dc.subject.othergovernment policy failure
dc.subject.otherR&D
dc.subject.othermarket failure
dc.subject.othersubsidy allocation
dc.titleGovernment policy failure in public support for research and development
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201412193563
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2014-12-19T16:30:05Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange557-575
dc.relation.issn0144-2872
dc.relation.numberinseries6
dc.relation.volume35
dc.type.versionacceptedVersion
dc.rights.copyright© 2014 Taylor & Francis. This is an author's final draft version of an article whose final and definitive form has been published by Routledge/Taylor & Francis. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.relation.doi10.1080/01442872.2014.971728


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