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(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes

Hanna Hottenrott () and Cindy Lopes-Bento

Research Policy, 2014, vol. 43, issue 6, 1055-1066

Abstract: This study analyses the impact and effectiveness of targeted public support for R&D investment at the firm level. We test whether the policy design aiming at incentivizing (international) collaboration and R&D in SMEs achieves input as well as output additionality. Our results show that the targeted public subsidies trigger R&D spending, especially so in internationally collaborating SMEs. We further evaluate the different impact of privately financed and publicly induced R&D investment on innovation performance. The results confirm that the publicly induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, the effect of policy-induced R&D investment on sales from market novelties is highest for international collaborators as well as for SMEs.

Keywords: Public innovation policy; Subsidies; R&D; SMEs; International collaboration; Treatment effects (search for similar items in EconPapers)
JEL-codes: C14 C30 H23 O31 O38 (search for similar items in EconPapers)
Date: 2014
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Related works:
Working Paper: (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes (2013) Downloads
Working Paper: (International) R&D Collaboration and SMEs: The effectiveness of targeted public R&D support schemes (2012) Downloads
Working Paper: (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:43:y:2014:i:6:p:1055-1066

DOI: 10.1016/j.respol.2014.01.004

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