 Persistence of innovative activities in times of crisis: the case of the Basque CountryEuropean Planning Studies, 2016, vol. 24, issue 10, 1863-1883 Abstract: By drawing on a large sample of Spanish manufacturing and service sector firms, the changes in firms’ innovation expenditures that have taken place since the onset of the 2008 economic crisis are analysed, as is the relationship between such changes and the location of the company. Special focus is placed on firms in the Basque Country. Compared to other Spanish regions, the Basque Country differs in terms of its fiscal status, its earlier experience of crises, its innovation performance and its greater focus on innovation-related policies. Our results show that the impact of the crisis on firms’ innovation expenditures in the Basque Country has indeed differed from that in comparable Spanish regions. Even after controlling for sectoral differences and for detailed characteristics at the firm level, firms with R&D employment in the Basque Country showed a significantly lower probability of abandoning innovation activities and even a somewhat higher probability of increasing their innovation efforts. This regional effect is especially significant for small and medium-sized enterprises. Date: 2016 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:eurpls:v:24:y:2016:i:10:p:1863-1883 Ordering information: This journal article can be ordered from DOI: 10.1080/09654313.2016.1204426 Access Statistics for this article European Planning Studies is currently edited by Philip Cooke and Louis Albrechts More articles in European Planning Studies from Taylor & Francis Journals |
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