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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.

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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.

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