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Knowledge agglomeration and public subsidies to business R&D: Evidence for Spanish firms

Author

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  • Guerrero, Alex J.
  • Heijs, Joost
  • Huergo, Elena

Abstract

In this paper, we study the role played by different dimensions of knowledge agglomeration as determinants of public subsidies to business R&D. For the analysis, we use firm-level information from the Spanish Panel of Technological Innovation (PITEC) and combine these data with information from other sources at the sectoral–regional level, obtaining an unbalanced panel of 28,082 observations of Spanish firms. Our results suggest that knowledge agglomeration affects both the probability of participation in subsidy programs and the subsidy amount awarded to supported firms. This effect is heterogeneous depending on the dimension of knowledge agglomeration considered (technological relatedness, regional specialization, intrasectoral or upstream knowledge pool, technological cooperation) and the level (regional, national, or European) of governance of public agencies.

Suggested Citation

  • Guerrero, Alex J. & Heijs, Joost & Huergo, Elena, 2024. "Knowledge agglomeration and public subsidies to business R&D: Evidence for Spanish firms," Structural Change and Economic Dynamics, Elsevier, vol. 68(C), pages 412-424.
    • Handle: RePEc:eee:streco:v:68:y:2024:i:c:p:412-424
    DOI: 10.1016/j.strueco.2023.11.007
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    More about this item

    Keywords

    R&D support; Knowledge agglomeration; Technological relatedness and specialization;
    All these keywords.

    JEL classification:

    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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