EconPapers    
Economics at your fingertips  
 

Public Interventions Supporting Innovation in Small and Medium-Size Firms. Successes or Failures? A Probit Analysis

Serena Novero ()
Additional contact information
Serena Novero: Ceris - Institute for Economic Research on Firms and Growth, Moncalieri (Turin), Italy, http://www.ceris.cnr.it/

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: The aim of this work is to investigate the probability of success or failure of public interventions, made to support the development of some Italian firms. The great number of small and medium-size enterprises, placed in the Canavese area, north of Turin, Italy, has suffered, in the nineties, of a gap in technological innovation in their production. The Consortium for the Canavese Technological District (CCTD), a public local association established in 1993 specifically to support the firms of the area, has supplied them with some technological, innovative services, sustaining their growth. More exactly, some research centres, named Centres of Competence, were created, with the pre-existing structures of the Polytechnic of Turin and of the firm RTM (placed in Vico Canavese, Province of Turin): their targets were to supply innovative services to the local firms and to place technical machineries at the disposal of the local units, to support their innovation and competitiveness. The present research analyzes a central point: which has been the impact of these services? Which is the probability that a public o private intervention to innovate has success and brings economic growth to the involved firms? This objective is achieved with a Probit Model, built on a panel of 103 firms, that covers a 6-year range (from 1999 to 2004) and contains their balance-sheets data and the technical information regarding their collaborations with the Centres; the results highlight the role of a solid patrimonial stability, of the choice of the right innovations to apply to the production processes as well as the importance of a high previous technological status of the involved enterprises.

Keywords: Innovation probability; Public interventions; Firms growth; Qualitative choice models (search for similar items in EconPapers)
JEL-codes: C35 D92 H71 O31 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2008-12
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino, nep-ipr, nep-pr~ and nep-sbm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.byterfly.eu/islandora/object/librib:350966 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:200811

Access Statistics for this paper

More papers in CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY Contact information at EDIRC.
Bibliographic data for series maintained by Anna Perin () and Giancarlo Birello ().

 
Page updated 2024-07-14
Handle: RePEc:csc:cerisp:200811