R&D policy regimes in France: New evidence from spatio-temporal analysis
Benjamin Montmartin (),
Marcos Herrera-Gómez () and
Nadine Massard ()
Working Papers from Grenoble Applied Economics Laboratory (GAEL)
Using a unique database containing information on the amount of R&D tax credits and regional, national and European subsidies received by firms in French NUTS3 regions over the period 2001-2011, we provide new evidence on the efficiency of R&D policies taking into account spatial dependency across regions. By estimating a spatial Durbin model with regimes and fixed effects, we show that in a context of yardstick competition between regions, national subsidies are the only instrument that displays total leverage effect. For other instruments internal and external effects balance each other resulting in insignificant total effects. Structural breaks corresponding to tax credit reforms are also revealed.
Keywords: ADDITIONALITY; FRENCH POLICY MIX; R&D INVESTMENT; SPATIAL PANEL; STRUCTURAL BREAK (search for similar items in EconPapers)
JEL-codes: H25 O31 O38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-eur, nep-geo, nep-ino, nep-sbm, nep-tid and nep-ure
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Working Paper: R&D Policy regimes in France: New Evidence from a spatio-temporal Analysis (2017)
Working Paper: R&D policy regimes in France: New evidence from a spatio-temporal analysis (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:gbl:wpaper:2017-06
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