The effectiveness of R&D support in Italy. Some evidence from matching methods

Aiello, Francesco (2013): The effectiveness of R&D support in Italy. Some evidence from matching methods. Published in: Risk governance & control: financial markets & institutions , Vol. 3, No. 4 (December 2013): pp. 7-15.

Abstract

In this study several matching procedures have been used to evaluate the impact of public R&D support received by Italian manufacturing firms over the three-year period 2004-2006. Data are from the Capitalia-UniCredit survey and estimations refer to a sample of 605 treated firms untreated are 2414). The evidence is mixed and depends on the objective-variable under consideration. As far as the total amount of R&D investments is concerned, the role of public support to innovation is positive and significant, while no impact has been found when considering the R&D intensity and the share of sales due to innovative-products. These differences in results are quite regular, whatever the matching method applied in the evaluation.

• Item Type: MPRA Paper
• Language: English
• Keywords: Policy Evaluation; R&D Investments; Innovative Sales; Matching estimators
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables; H - Public Economics > H2 - Taxation, Subsidies, and Revenue; H - Public Economics > H7 - State and Local Government ; Intergovernmental Relations; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior; L - Industrial Organization > L6 - Industry Studies: Manufacturing; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O38 - Government Policy

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