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WHO PARTICIPATES IN R&D SUBSIDY PROGRAMS?. The case of Spanish Manufacturing Firms

J. Vicente Blanes and Isabel Busom ()
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J. Vicente Blanes: Universidad Pablo de Olavide

Working Papers from Department of Applied Economics at Universitat Autonoma of Barcelona

Abstract: Empirical evidence on the effectiveness of R&D subsidies to firms has produced mixed results so far. One possible explanation is that firms and project selection rules may be quite heterogeneous both across agencies and across industries, leading to different outcomes in terms of the induced additional private effort. Here we focus on the participation stage. Using a sample of Spanish firms, we test for differences across agencies and industries. Our results suggest that firms in the same industry face different hurdles to participate in different agencies’ programs, that participation patterns may reflect a combination of agency goals, and that patterns differ across high-tech and low-tech industries.

Keywords: R&D; subsidies; technology policy; program participation; innovation. (search for similar items in EconPapers)
JEL-codes: L52 O31 O38 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2004-08
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