 Evaluating a place-based innovation policy: Evidence from the innovative Regional Growth Cores Program in East GermanyOliver Falck, Johannes Koenen () and Tobias Lohse Munich Reprints in Economics from University of Munich, Department of Economics Abstract: We evaluate one of the largest place-based innovation policies in Germany - the Innovative Regional Growth Cores (IRGC) program. It subsidizes collaborative development and commercialization projects of firms and public research institutes co-located in regions in Eastern Germany, with the explicit goal of generating local spillovers to promote regional economic development. We evaluate three potential types of effects with regard to a broad set of outcomes at the firm and regional level: (1) The policy's effects on directly subsidized firms;(2) spillover effects on non-subsidized innovative firms located in the same region;(3) (aggregate) effects on regional-level economic outcomes. We find that directly treated firms increase their R&D activities in the short-and medium-run. However, we are not able to provide significant or economically meaningful evidence for the effectiveness of channels (2) and (3), applying a wide range of econometric methods. Overall, these results cast doubt about the effectiveness of the program. Date: 2019 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenar:78265 Access Statistics for this paper More papers in Munich Reprints in Economics from University of Munich, Department of Economics Ludwigstr. 28, 80539 Munich, Germany. Contact information at EDIRC. |
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