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Impact Evaluation of a Program of Public Funding of Private Innovation Activities. An Econometric Study of FONTAR in Argentina

Author

Listed:
  • Andres Lopez

    (Centro de Investigaciones para la Transformación (CENIT), Buenos Aires, Argentina)

  • Ana Maria Reynoso
  • Martin Rossi

    (Universidad de San Andrés, Buenos Aires, Argentina)

Abstract

The main finding of this impact evaluation is that beneficiary firms of FONTAR as a whole and of ANR in particular, spend more on innovation activities such as research and development and purchase of technology. Increments in innovation expenditures are found even when the amount received by the program is netted out from the total amount spent, indicating that beneficiary firms are caused to privately finance part of the increment on innovation expenditures. This would support the additionality hypothesis against the crowding out hypothesis. What is more, empirical evidence suggests that funds spent on innovation activities are efficient in the sense that subsidized firm actually accomplish more innovations. Long run effects on productive performance could not be detected.

Suggested Citation

  • Andres Lopez & Ana Maria Reynoso & Martin Rossi, 2010. "Impact Evaluation of a Program of Public Funding of Private Innovation Activities. An Econometric Study of FONTAR in Argentina," OVE Working Papers 0310, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    • Handle: RePEc:idb:ovewps:0310
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    Cited by:

    1. Florencia Fiorentin & Mariano Pereira & Diana Suárez, 2020. "The relationship between public funds, innovation and employment among Argentinean manufacturing firms," Journal of Evolutionary Economics, Springer, vol. 30(3), pages 773-791, July.
    2. Casaburi, Gabriel & Crespi, Gustavo & De León, Ignacio L. & Figal Garone, Lucas & Grazzi, Matteo & Guaipatín, Carlos & Katz, Jorge & Llisterri, Juan J. & Maffioli, Alessandro & Navarro, Juan Carlos & , 2016. "La política de innovación en América Latina y el Caribe: Nuevos caminos," IDB Publications (Books), Inter-American Development Bank, number 7705, May.
    3. Correa, Paulo & Andres, Luis & Borja-Vega, Christian, 2013. "The impact of government support on firm R&D investments : a meta-analysis," Policy Research Working Paper Series 6532, The World Bank.
    4. repec:idb:brikps:460 is not listed on IDEAS
    5. Gabriel Casaburi & Gustavo Crespi & Ignacio L. De León & José Fernández & Lucas Figal Garone & Matteo Grazzi & Carlos Guaipatín & Jorge Katz & Juan J. Llisterri & Alessandro Maffioli & Juan Carlos Nav, 2016. "La política de innovación en América Latina y el Caribe: Nuevos caminos," IDB Publications (Books), Inter-American Development Bank, number 94816 edited by Juan Carlos Navarro & Jocelyn Olivari, February.

    More about this item

    Keywords

    Innovation and R&D; Policy Evalution;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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