Public Support to Business R&D and the Economic Crisis: Spanish Evidence

Ascensión Barajas (abi@cdti.es), Elena Huergo and Lourdes Moreno
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Ascensión Barajas: Unit of Impact Assessment, CDTI, Centro para el Desarrollo Tecnológico Industrial. Universidad Autónoma de Madrid

No 17-03, Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

Abstract: The objective of the present study is to compare the effect of public support of business R&D on technological inputs and outputs before and during the recent economic crisis. To do so, we use information provided by the Centre for the Development for Industrial Technology (CDTI), which is the main public agency in Spain that grants financial aid of its own to companies for the execution of R&D projects. Specifically, we consider firms supported through CDTI programmes for periods the 2002-2005 and 2010-2012. Impact assessment is conducted using "matching" techniques. Our preliminary results suggest that, during the crisis, public support continued to have positive effects on the resources devoted to R&D activities, and also increased the technological outputs obtained from these resources.

Keywords: Impact assessment; Economic crisis; Public aid; Business R&D. (search for similar items in EconPapers)
JEL-codes: H81 L2 O3 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2017
New Economics Papers: this item is included in nep-eur, nep-ino, nep-sbm and nep-tid
Note: This research has been partially funded by the Spanish Ministry of Economy and Competitiveness (project ECO2014-52051-R) and by the Autonomous Region of Madrid through project S2015HUM-3417 (INNCOMCON-CM), co-funded by the European Social Fund (European Union).
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Working Paper: Public Support to Business R&D and the Economic Crisis: Spanish Evidence (2017)
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