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

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  • Aiello, Francesco

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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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 53848.

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Date of creation: 02 Dec 2013
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Publication status: Published in Risk governance & control: financial markets & institutions 4.3(2013): pp. 7-15
Handle: RePEc:pra:mprapa:53848

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Keywords: Policy Evaluation; R&D Investments; Innovative Sales; Matching estimators;

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  1. DUGUET Emmanuel, 2004. "Are R&D subsidies a substitute or a complement to privately funded R&D? Evidence from France using propensity score methods for non- experimental data," Public Economics, EconWPA 0411007, EconWPA.
  2. Almus, Matthias & Czarnitzki, Dirk, 2003. "The Effects of Public R&D Subsidies on Firms' Innovation Activities: The Case of Eastern Germany," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 21(2), pages 226-36, April.
  3. Xulia González & Consuelo Pazó, 2005. "Do public subsidies stimulate private R&D spending?," Working Papers, Universidade de Vigo, Departamento de Economía Aplicada 0601, Universidade de Vigo, Departamento de Economía Aplicada.
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