Public R&D subsidies: collaborative versus individual place-based programs for SMEs

Andrea Bellucci (), Luca Pennacchio and Alberto Zazzaro ()
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Andrea Bellucci: European Commission Joint Research Centre, Unit B1 Finance and Economy

Small Business Economics, 2019, vol. 52, issue 1, No 12, 213-240

Abstract: Abstract This paper provides novel empirical evidence on the effectiveness of regional research and innovation policies for small and medium-sized enterprises (SMEs). It investigated two subsidy programs implemented at the regional level in central Italy. One program targeted SMEs’ investments in individual research projects, and the other focused on collaborative research projects between SMEs and universities. Using a matched difference-in-differences approach, the empirical analysis showed that the two programs had different effects. The first was successful in stimulating additional private research and development (R&D) investment and improving firms’ performance. The second had weaker effects, mostly restricted to R&D expenditure and employment. These effects were not always uniformly distributed among project participants.

Keywords: Public subsidies; R&D; Impact evaluation; SMEs; Cooperation; Regional policy (search for similar items in EconPapers)
JEL-codes: H25 L52 O31 O38 R58 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (24)

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Working Paper: Public R&D Subsidies: Collaborative versus Individual Place-Based Programs for SMEs (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:52:y:2019:i:1:d:10.1007_s11187-018-0017-5

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DOI: 10.1007/s11187-018-0017-5

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