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11. Autio, E., Kanninen, S., & Gustafsson, R. (2008). Firstand Second-Order Additionality and Learning Outcomes in Collaborative R&D Programs. Research Policy, 37(1), 59–76. Endnotes These two are not mutually exclusive in terms of policy instruments, because both views stress the need to use e.g. direct R&D support. The key dividing issue here is the scope of interventions, and the impacts the different roles foster.

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33. For instance, Edler & Fagerberg (2017: 12) list 17 different innovation policy instruments.
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34. For more about how to improve outcome measurement in policy formulation and evaluation context, see e.g. Janger et al. (2017) for European policy framework discussion.
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35. For reviews, see Ylhäinen et al. (2016); Dimos & Pugh (2016); Becker (2015); Zuniga-Vicente et al. (2014).
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41. Guo, D., Guo, Y., & Jiang, K. (2016). Government-subsidized R&D and firm innovation Evidence from China.

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49. Kivimaa, P., & Kern, F. (2016). Creative destruction or mere niche support? Innovation policy mixes for sustainability transitions. Research Policy, 45(1), 205–217.

50. Klette, T.J., Møen, J., & Griliches, Z. (2000). Do subsidies to commercial R&D reduce market failures? Microeconometric evaluation studies. Research policy, 29(4–5), 471–495.

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54. Levin, R.C., Klevorick, A.K., Nelson, R.R., Winter, S.G., Gilbert, R., & Griliches, Z. (1987). Appropriating the returns from industrial research and development. Brookings papers on economic activity, 1987(3), 783–831.

55. Maliranta, M., Määttänen, N. & Pajarinen, M. (2016). Firm Subsidies, Wages and Labor Mobility. Etla Reports No 60.

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58. More detailed econometric measurement discussion of the returns from R&D, see e.g. Hall et al. (2010).
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59. Moretti, E., & Wilson, D.J. (2014). State incentives for innovation, star scientists and jobs Evidence from biotech. Journal of Urban Economics, 79, 20–38.

60. Mulligan, K., Lenihan, H., & Doran, J. (2019). More subsidies, more innovation? Evaluating whether a mix of subsidies from regional, national and EU sources crowds out firm-level innovation. Regional Studies, Regional Science, 6 (1), 130–138.

61. OECD (2017). OECD Reviews of Innovation Policy: Finland 2017, OECD Publishing, Paris.
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62. Radicic et al. (2018) provide literature overview of how public support influences cooperative behavior. Earlier studies include e.g. Antonioli et al. (2012) and Gök & Edler (2012). It should be noted that this was very recent study at the time of the synthesis work and we did not yet have full access to the study results. We were able to view the main results, but we were not able to conduct full review on the quality of the study. Trade journal data: Experts have written about the innovations and this signifies their importance.
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63. Radicic, D., Pugh, G., & Douglas, D. (2018). Promoting cooperation in innovation ecosystems: evidence from European traditional manufacturing SMEs. Small Business Economics, 1–27.

64. Rao, N. (2016). Do tax credits stimulate R&D spending? The effect of the R&D tax credit in its first decade. Journal of Public Economics, 140, 1–12.

65. Related close to this topic, see also Valtiovarainministeriö (2019) & Maliranta et al. (2016).
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66. See Ylhäinen et al. (2016: 42–44) for extensive list of literature concerning the Finnish context.
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68. Takalo, T., Tanayama, T., & Toivanen, O. (2013). Estimating the benefits of targeted R&D subsidies. Review of Economics and Statistics, 95(1), 255–272.

69. Takalo, T., Tanayama, T., & Toivanen, O. (2017). Welfare effects of R&D support policies. Bank of Finland Research Discussion Paper, (30).

70. The typology might be problematic in a sense that non-significant (statistically) is not the same as no association or unclear effect (Altman & Krzywinski, 2017; Wasserstein & Lazar, 2016).
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71. There are also few studies that extend beyond private investment counterfactuals and try to estimate economic welfare effects (Takalo et al., 2013; Takalo et al., 2017).
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72. They use this term as broad category for all not privately funded R&D, and acknowledge that this measure is highly oversimplifying (van Elk et al., 2019: 55–56). ETLA Raportti | ETLA Report | No 99 Beck, M., Lopes-Bento, C., & Schenker-Wicki, A.
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73. Torregrosa-Hetland, S., Pelkonen, A., Oksanen, J., & Kander, A. (2019). The prevalence of publicly stimulated innovations. A comparison of Finland and Sweden, 1970–2013. Research Policy.

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76. van Elk, R., ter Weel, B., van der Wiel, K., & Wouterse, B. (2019). Estimating the Returns to Public R&D Investments Evidence from Production Function Models. De Economist, 1–43.

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78. Veugelers, R. (2015). Mixing and matching research and innovation policies in EU countries (No. 2015/16). Bruegel Working Paper.

79. Wanzenböck, I., Scherngell, T., & Fischer, M.M. (2013). How do firm characteristics affect behavioural additionalities of public R&D subsidies? Evidence for the Austrian transport sector. Technovation, 33(2–3), 66–77.

80. Wasserstein, R.L., & Lazar, N.A. (2016). The ASA’s statement on p-values: context, process, and purpose. The American Statistician, 70(2), 129–133.

81. Wirsich, A., Kock, A., Strumann, C., & Schultz, C. (2016). Effects of university–industry collaboration on technological newness of firms. Journal of Product Innovation Management, 33(6), 708–725.

82. Ylhäinen, I., Rouvinen, P., & Kuusi, T. (2016). Katsaus yksityisen t&k-toiminnan ja sen julkisen rahoituksen vaikuttavuuteen.
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83. Zúñiga-Vicente, J.Á., Alonso-Borrego, C., Forcadell, F.J., & Galán, J.I. (2014). Assessing the effect of public subsidies on firm R&D investment a survey. Journal of Economic Surveys, 28(1), 36–67.

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36. EIDES 2019 - The European Index of Digital Entrepreneurship Systems. (2019). Szerb, László ; Tiszberger, Monika ; Komlosi, Eva ; Autio, Erkko.
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37. Social Entrepreneurship Policy: Evidences from the Italian Reform. (2019). Pulino, Silvia Carnini ; Maiolini, Riccardo ; Venturi, Paolo.
    In: Foresight and STI Governance (Foresight-Russia till No. 3/2015).
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38. The Impact of Public Grants on Firm-Level Productivity: Findings from the Czech Food Industry. (2019). Dvouletý, Ondřej ; Blakova, Ivana.
    In: Sustainability.
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39. Do business incubators really enhance entrepreneurial growth? Evidence from a large sample of innovative Italian start-ups. (2019). Luke, Martin ; Longo, Maria Cristina ; Zouhar, Jan.
    In: Technovation.
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40. Has the Swedish business sector become more entrepreneurial than the US business sector?. (2019). Persson, Lars ; Norbäck, Pehr-Johan ; Heyman, Fredrik ; Norback, Pehr-Johan ; Andersson, Fredrik.
    In: Research Policy.
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41. Regional policies for Italian innovative start-ups. (2019). Soggia, Giovanni ; Lavecchia, Luciano ; Bronzini, Raffaello ; Albanese, Giuseppe.
    In: Questioni di Economia e Finanza (Occasional Papers).
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42. Does high growth persist? A focus on growth formulas and the influence of firm exits. (2018). Erhardt, Eva.
    In: VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy.
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43. In search of excellence: a case study of the first excellence initiative of Germany. (2018). Lehmann, Erik ; Klarl, Torben ; Menter, Matthias.
    In: Journal of Business Economics.
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44. Firm performance after high growth: A comparison of absolute and relative growth measures. (2018). Erhardt, Eva Christine.
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45. Why are there (almost) no randomised controlled trial-based evaluations of business support programmes?. (2018). Dalziel, Margaret.
    In: Palgrave Communications.
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46. The European Index of Digital Entrepreneurship Systems. (2018). Szerb, László ; Tiszberger, Monika ; Komlosi, Eva ; Autio, Erkko.
    In: JRC Research Reports.
    RePEc:ipt:iptwpa:jrc112439.

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47. The Startup Europe Ecosystem. Analysis of the Startup Europe projects and of their beneficiaries. (2018). Rossetti, Fiammetta ; Nepelski, Daniel ; Cardona, Melisande.
    In: JRC Research Reports.
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48. Improving access to finance for young innovative enterprises with growth potential: evidence of impact on firms output - Part 2. R&D grant schemes: lessons learned from evaluations. (2018). Testa, Giuseppina ; Szkuta, Katarzyna.
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49. L’hypercroissance des start-up n’est pas un long fleuve tranquille : rôle et place des structures d’accompagnement ?. (2018). Amabile, Serge ; Kouada, Sarra ; Aldebert, Benedicte.
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50. Sustainable Venture Capital Investments: An Enabler Investigation. (2018). Feng, Yunting ; Zhao, Senlin ; Zhu, Qinghua ; Agyemang, Martin ; Almarri, Jaber ; Antarciuc, Elena.
    In: Sustainability.
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51. Partly risky, partly solid – Performance study of public innovation loans. (2018). Grimsby, Gjermund.
    In: Research Policy.
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52. Does firm innovation lead to high growth? Evidence from Ecuadorian firms. (2018). Grijalva, Diego ; Ponton, Yelitza ; Ayala, Valeria ; Ponce, Paul A.
    In: Revista Cuadernos de Economia.
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53. Evaluation of economic security in the Ural region in the context of development of small and medium-sized enterprises. (2018). Kalganova, O O ; Yu, N.
    In: R-Economy.
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54. Priority sectors in city regions? Some issues from a study of the Cardiff Capital Region. (2017). Crawley, Andrew ; Munday, Max.
    In: Local Economy.
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55. The Schumpeterian Entrepreneur: A Review of the Empirical Evidence on the Antecedents, Behavior, and Consequences of Innovative Entrepreneurship. (2016). Praag, Mirjam ; Block, Joern ; van Praag, Mirjam ; Fisch, Christian O.
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56. Determinants of High-Growth Enterprises in Poland (Determinanty szybkiego wzrostu przedsiebiorstw w Polsce). (2016). Glod, Wojciech ; Krasnicka, Teresa .
    In: Problemy Zarzadzania.
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57. Assessment of Framework Conditions for the Creation and Growth of Firms in Europe. (2016). Van Roy, Vincent ; Nepelski, Daniel.
    In: JRC Research Reports.
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58. Improving access to finance: which schemes best support the emergence of high-growth innovative enterprises? A mapping, analysis and assessment of finance instruments in selected EU Member States. (2016). Stamenov, Blagoy ; Mitchell, Jessica ; Jonkers, Koen ; Zifciakova, Jana ; Stamenow, Blagoy ; Gampfer, Robert.
    In: JRC Research Reports.
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59. Additionality or crowding-out? An overall evaluation of public R&D subsidy on private R&D expenditure. (2016). Parrotta, Pierpaolo ; Marino, Marianna ; Lhuillery, Stephane ; Sala, Davide.
    In: Research Policy.
    RePEc:eee:respol:v:45:y:2016:i:9:p:1715-1730.

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