Last week I had the chance to attend a fantastic conference organized by the Innovation Growth Lab in London on the use of randomized control trials (RCT) in innovation policy evaluation. Field experiments to assess whether certain policies work are already very popular in fields such as development economics. But surprisingly little has been done in OECD countries to this day. Continue reading Does Innovation Policy Really Work?
Recently we published a new discussion paper (updated in September 2017) I was working on for quite some time. My coauthor and me study the effectiveness of subsidies for research and development (R&D) at the European level. Subsidies to support R&D activities by private firms are an essential part of science and technology policy in all OECD countries. Economic theory tells us that (especially small and young) firms invest too little in innovation, either because they’re financially constrained or because their ideas get imitated. Therefore governments should step in to boost R&D and enhance the competitiveness of the economy. Continue reading European Integration in Science and Technology Policy