RT info:eu-repo/semantics/workingPaper
T1 Distribution of R&D subsidies and its effect on the final outcome of innovation policy
A1 Heijs, Josef Johannes
A1 Herrera, Liliana
A2 Organizacion de Empresa
K1 Empresas
K1 R&D
K1 R&D Subsidies
K1 Innovation Policy
K1 Propensity Score Matching
AB The aim of this article is to analyse the impact of the  subventions granted by theSpanish government to innovation activities on the R&D  intensity of firms.    Ouranalysis attempts to deal with two of the methodological  problems  encountered during  the  evaluation   of  policy  impacts:  namely,  the  non  estimation  of  the "counterfactual" state  (what would have happened   without  the public support);and the problem stemming from the aid distribution process. Subsidy distributionis  non-random,   andcolud   generate   problems   at  the  moment  of evaluatinginnovation  policies.  The results  conclude  that  firms  with  a  clear  capacity  to guarantee the successful outcome of projects have higher chances  of obtainingsubsidies. On the other hand, firms in need of financial help  for innovation havelower probabilities of obtaining aid. In relation to the casual  effects of innovation policy,  subsidies induced a scarce additionality effect,  inferior  to the amount ofthe  aid  awanded. The results  reveal  that the  innovation  policy has  a greatereffect on firms with fewer possibilities of obtaining a subsidy.
LK http://hdl.handle.net/10612/14288
UL http://hdl.handle.net/10612/14288
DS BULERIA. Repositorio Institucional de la Universidad de León
RD 24-abr-2024