Economic crisis and company R&D in Spain: do regional and policy factors matter?
Adelheid Holl (),
Ruth Rama () and
Industry and Innovation, 2018, vol. 25, issue 8, 729-751
The economic crisis which began in 2008 has had a far-reaching impact, including effects on the innovation behaviour of firms. Many companies have reduced their innovation-related activities, although some firms have been more resilient than others. Using a representative microdata panel of Spanish firms, we study the probability of companies abandoning in-house R&D during the crisis and its relationship to regional and policy factors. We find significant regional heterogeneity related to regional economic size and the type of the regional innovation system; regional government R&D support only reduces R&D abandonment rates in regions where a strong system of knowledge exploitation is in place.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:indinn:v:25:y:2018:i:8:p:729-751
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