Gianluca Pallante, Emanuele Russo and Andrea Roventini

Author Archive | Gianluca Pallante, Emanuele Russo and Andrea Roventini

working_paper_2020_31

Does mission-oriented funding stimulate private R&D? Evidence from military R&D for US states

US military Research and Development (R&D) expenditures arguably represent the best example of mission-oriented policy. They are sizeable, with a clear-cut public purpose (national defense) and with the government being their exclusive beneficiary. Exploiting a longitudinal dataset linking public R&D obligations to private R&D expenditures for US states, we investigate the impact of defense R&D […]

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