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Evaluating the Impact of Technology Development Funds in Emerging Economies: Evidence from Latin-America

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  • Hall, Bronwyn H.
  • Maffioli, Alessandro

Abstract

Evaluations of government Technology Development Funds (TDFs) in Argentina, Brazil, Chile and Panama are surveyed. All the evaluations were done at the recipient (firm) level using data from innovation surveys, industrial surveys, and administrative records of the granting units, together with quasi-experimental econometric techniques to minimize the effects of any selection bias. TDF effectiveness is found to depend on the financing mechanism used, on the presence of non-financial constraints, on firm-university interaction, and on the characteristics of the target beneficiaries. Four levels of potential impact were considered: R&D input additionality, behavioural additionality, increases in innovative output, and improvements in performance. The evidence suggests that TDF do not crowd out private investment and that they positively affect R&D intensity. In addition, participation in TDF induces a more proactive attitude of beneficiary firms towards innovation activities. However, the analysis does not find much statistically significant impact on patents or new product sales and the evidence on firm performance is mixed, with positive results in terms of firm growth, but little corresponding positive impact on measures of firm productivity, possibly because the horizon over which the evaluation was conducted was too short.

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Paper provided by Institute of Innovation Research, Hitotsubashi University in its series IIR Working Paper with number 08-01.

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Length: 32 p.
Date of creation: Feb 2008
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Handle: RePEc:hit:iirwps:08-01

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Keywords: Innovation and R&D; Policy Evaluation;

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References

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Citations

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Cited by:
  1. Toivanen, Otto, 2009. "Innovation Policy, Entrepreneurship, and Development: A Finnish View," UNU-MERIT Working Paper Series 050, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  2. Martin D. Chrisney & Marco Kamiya, 2011. "Institutions and Productive Development Programs in Latin America and the Caribbean: Methodological Approach and Preliminary Results," IDB Publications 62478, Inter-American Development Bank.
  3. Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," UNU-MERIT Working Paper Series 012, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  4. Gustavo Crespi & Alessandro Maffioli & Marcela Meléndez Arjona, 2011. "Public Support to Innovation: The Colombian COLCIENCIAS' Experience," IDB Publications 38498, Inter-American Development Bank.
  5. Francisca Henriquez, 2009. "Microcrédito y su Impacto: Un Acercamiento con Datos Chilenos," OVE Working Papers 0309, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
  6. Gustavo A. Crespi & Alessandro Maffioli & Pierre Mohnen & Gonzalo Vázquez, 2011. "Evaluating the Impact of Science, Technology and Innovation Programs: a Methodological Toolkit," SPD Working Papers 1104, Inter-American Development Bank, Office of Strategic Planning and Development Effectiveness (SPD).
  7. Chirwa, Themba G., 2010. "Program evaluation of agricultural input subsidies in Malawi using treatment effects: methods and practicability based on propensity scores," MPRA Paper 20878, University Library of Munich, Germany, revised 01 Apr 2010.
  8. Klette, Tor Jakob & Møen, Jarle, 2011. "R&D investment responses to R&D subsidies: A theoretical analysis and a microeconometric study," Discussion Papers 2011/15, Department of Finance and Management Science, Norwegian School of Economics.
  9. Mohnen, Pierre & Mairesse, Jacques, 2010. "Using Innovation Surveys for Econometric Analysis," UNU-MERIT Working Paper Series 023, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
  10. Fernando Lopez & Alessandro Maffioli, 2008. "Technology Adoption, Productivity and Specialization of Uruguayan Breeders: Evidence from an Impact Evaluation," OVE Working Papers 0708, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
  11. Victoria Castillo & Alessandro Maffioli & Sofía Rojo & Rodolfo Stucchi, 2011. "Innovation Policy and Employment: Evidence from an Impact Evaluation in Argentina," IDB Publications 60458, Inter-American Development Bank.
  12. Wim Naudé, 2011. "Foreign Aid for Innovation: The Missing Ingredient in Private Sector Development?," Working Papers 2011/35 Key words: Innova, Maastricht School of Management.
  13. Gustavo Crespi & Galileo Solís & Ezequiel Tacsir, 2011. "Evaluación del impacto de corto plazo de SENACYT en la innovación de las empresas panameñas," IDB Publications 38218, Inter-American Development Bank.
  14. Gustavo Crespi & Rodrigo Fuentes & Roberto Alvarez & Jeffrey Orozco, 2010. "Nota técnica sobre el sistema nacional de innovación de Costa Rica: Una contribución al diálogo de políticas públicas entre el Gobierno de La República de Costa Rica y el Banco Inter-Americano ," IDB Publications 8608, Inter-American Development Bank.
  15. Veronica González & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009. "The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic," OVE Working Papers 0509, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
  16. Roberto Alvarez & Gustavo Crespi & Conrado Cuevas, 2012. "Public Programs, Innovation, and Firm Performance in Chile," IDB Publications 62658, Inter-American Development Bank.
  17. LOPES BENTO Cindy & CZARNITZKI Dirk, 2012. "Value for money? New microeconomic evidence on public R&D grants in Flanders," CEPS/INSTEAD Working Paper Series 2012-19, CEPS/INSTEAD.
  18. Martin D. Chrisney & Marco Kamiya, 2011. "El análisis de arreglos institucionales y programas de desarrollo productivo en América Latina y el Caribe: Propuesta metodológica y resultados de prueba," IDB Publications 55458, Inter-American Development Bank.

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