Analyzing the interaction between R&D subsidies and firm's innovation strategy

Abstract:

Innovation and Technology policies provide positive incentives to the firms to perform R&D activities. This article examines the decision of internal and external R&D expenditures of subsidized firms, estimating the impact of R&D subsidies on firms performing different innovation strategies. The Spanish survey on business strategy for manufacturing firms (ESEE) is used for the period 1998-2005. Results show that determinants of pure internal or external R&D expenditures obey to different motivations, affecting in consequence, the impact of the subsidies on firms adopting different sources of knowledge. © Universidad Alberto Hurtado, Facultad de Economía y Negocios.

Año de publicación:

2012

Keywords:

• Policy evaluation
• R&D subsidies
• Internal-external R&D
• Innovation strategy
• Treatment effects model

Fuente:

scopus