Page 41 - Book of Abstracts 2020

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• Assessing how R&D spending affects the economy requires estimation of both direct and spillover effects. Not taking spillover effects into account leads to imprecise estimates of the impact of public R&D spending, which may in turn lead to suboptimal related policies. Systematic data collection for the purpose of R&D program assessment as well as the possibility to link statistical and administrative firm-level data would also make such assessments more precise and reliable.
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