Public R&D Subsidies: Collaborative versus Individual Place-Based Programs for SMEs

Andrea Bellucci, Luca Pennacchio and Alberto Zazzaro (alberto.zazzaro@unina.it)
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Andrea Bellucci: European Commission - Joint Research Centre and MoFiR

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: 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’ individual investments in research, and the other focused on collaborative research 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 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.

Keywords: Public Subsidies; R&D; Impact Evaluation; SMEs; Cooperation; Regional Policy. (search for similar items in EconPapers)
JEL-codes: H25 L52 O31 O38 R58 (search for similar items in EconPapers)
Date: 2017-11-12
New Economics Papers: this item is included in nep-ent, nep-eur, nep-geo, nep-ino, nep-ppm and nep-sbm
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Public R&D subsidies: collaborative versus individual place-based programs for SMEs (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:488

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