(International) R&D Collaboration and SMEs: The effectiveness of targeted public R&D support schemes

BENTO Cindy Lopes and Hanna Hottenrott

No 2012-36, LISER Working Paper Series from Luxembourg Institute of Socio-Economic Research (LISER)

Abstract: This study analyses the effectiveness of targeted public support for R&D investment. In particular, we test whether the specific policy design aiming at incentivizing (international)collaboration and R&D in small and medium-sized firms achieves the desired objectives on input as well as output additionality. Our results show that the targeted R&D subsidies accelerate R&D spending in the private sector, and especially so in the targeted groups. Further, we differentiate between privately financed R&D and subsidy-induced R&D investment to evaluate their respective effects on innovation performance. The results confirm that the induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, we find that the effect of subsidy-induced R&D investment is higher for firms that collaborate internationally as well as for SMEs.

Keywords: Innovation Policy; Subsidies; R&D; Trestment effect; SMEs; International Collaboration; Innovation Performance (search for similar items in EconPapers)
JEL-codes: C14 C30 G23 O31 O38 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2012-10
New Economics Papers: this item is included in nep-cdm, nep-cse, nep-ino, nep-knm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes (2014)
Working Paper: (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes (2013)
Working Paper: (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:irs:cepswp:2012-36

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