Public policy for innovation and internationalization: are they worth it?

Mariasole Bannò (), Valentina Morandi and Celeste Varum

Applied Economics Letters, 2013, vol. 20, issue 10, 927-930

Abstract: This study contributes to the debate about the role of industrial policies for innovation and internationalization on local economic performance. A panel data analysis on Italian regions examines the interrelationships between public grants, level of innovation and internationalization and economic performance. The main findings are that (1) the impact of pro-innovation policies on economic performance is higher in internationalized regions and (2) the level of local R&D expenditures does not contribute to the effectiveness of subsidies for internationalization.

Date: 2013
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DOI: 10.1080/13504851.2013.765535

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