Are R&D subsidies effective? The effect of industry competition

This study explores the effect of industry competition on public R&D subsidies’ effectiveness. The author finds the non-linear threshold effect of industry competition on R&D subsidies’ effectiveness. Specifically, R&D subsidies’ effectiveness reaches its peak when industry competition lies between the two estimated thresholds.

本研究探讨了行业竞争对公共研发补贴（public R&D subsidies）效果的影响。研究发现，行业竞争对研发补贴效果存在非线性门槛效应。具体而言，当行业竞争程度处于两个估计阈值之间时，研发补贴的效果将达到峰值。