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Public Support to Business R&D and the Economic Crisis: Spanish Evidence

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Barajas, Ascensión and Huergo, Elena and Moreno Martín, Lourdes (2017) Public Support to Business R&D and the Economic Crisis: Spanish Evidence. [ Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales; nº 03, 2017, ISSN: 2255-5471 ] (Unpublished)

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Abstract

The objective of the present study is to compare the effect of public support of business R&D on technological inputs and outputs before and during the recent economic crisis. To do so, we use information provided by the Centre for the Development for Industrial Technology (CDTI), which is the main public agency in Spain that grants financial aid of its own to companies for the execution of R&D projects. Specifically, we consider firms supported through CDTI programmes for periods the 2002-2005 and 2010-2012. Impact assessment is conducted using "matching" techniques. Our preliminary results suggest that, during the crisis, public support continued to have positive effects on the resources devoted to R&D activities, and also increased the technological outputs obtained from these resources.


Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Impact assessment, Economic crisis, Public aid, Business R&D.
Palabras clave (otros idiomas):Impact assessment, Economic crisis, Public aid, Business R&D.
Subjects:Social sciences > Economics > Industrial organization
JEL:H81, L2, O3
Series Name:Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales
Volume:2017
Number:03
ID Code:45321
Deposited On:03 Nov 2017 11:38
Last Modified:03 Apr 2018 12:54

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