Public R&D subsidies: collaborative versus individual place-based programs for SMEs

Small Business Economics - Tập 52 - Trang 213-240 - 2018
Andrea Bellucci1, Luca Pennacchio2, Alberto Zazzaro3
1European Commission Joint Research Centre, Unit B1 Finance and Economy, Ispra, Italy
2Parthenope University of Naples, Naples, Italy
3University of Naples Federico II, CSEF and MoFiR, Naples, Italy

Tóm tắt

This paper provides novel empirical evidence on the effectiveness of regional research and innovation policies for small and medium-sized enterprises (SMEs). It investigated two subsidy programs implemented at the regional level in central Italy. One program targeted SMEs’ investments in individual research projects, and the other focused on collaborative research projects between SMEs and universities. Using a matched difference-in-differences approach, the empirical analysis showed that the two programs had different effects. The first was successful in stimulating additional private research and development (R&D) investment and improving firms’ performance. The second had weaker effects, mostly restricted to R&D expenditure and employment. These effects were not always uniformly distributed among project participants.

Tài liệu tham khảo

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