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Identification of firms supported by technology policies: the case of Spanish low interest credits

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  • Joost Heijs

Abstract

This paper analyses the pick-up rate in the Spanish production structure of the low interest credits for R&D projects, offered by the Spanish Centre for the Development of Industrial Technology. The profiles of these firms, based on association tests and a logistic regression model, are characterised, for instance, by their size, sector, social capital, competitive position, innovative efforts and orientation, and their level of internationalisation. It is found that the more innovative firms participate more frequently in public support schemes. Thus one of the main problems for the traditional technology policy model is that it does not reach the firms that are not involved in any innovative activity. A technology policy initiative like this favours the most dynamic and fast growing innovative firms by accelerating their innovative activities but does not generate an increase in the number of innovative firms. Copyright , Beech Tree Publishing.

Suggested Citation

  • Joost Heijs, 2005. "Identification of firms supported by technology policies: the case of Spanish low interest credits," Science and Public Policy, Oxford University Press, vol. 32(3), pages 219-230, June.
    • Handle: RePEc:oup:scippl:v:32:y:2005:i:3:p:219-230
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    File URL: http://hdl.handle.net/10.3152/147154305781779515
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    Cited by:

    1. Anders Gustafsson & Patrik Gustavsson Tingvall & Daniel Halvarsson, 2020. "Subsidy Entrepreneurs: an Inquiry into Firms Seeking Public Grants," Journal of Industry, Competition and Trade, Springer, vol. 20(3), pages 439-478, September.
    2. Rodríguez-Pose, Andrés & Belso-Martinez, Jose Antonio & Díez-Vial, Isabel, 2021. "Playing the innovation subsidy game: experience, clusters, consultancy, and networking in regional innovation support," LSE Research Online Documents on Economics 111603, London School of Economics and Political Science, LSE Library.
    3. Huergo, Elena & Moreno, Lourdes, 2014. "National or international public funding? Subsidies or loans? Evaluating the innovation impact of R&D support programmes," MPRA Paper 54218, University Library of Munich, Germany.
    4. Huergo, Elena & Moreno, Lourdes, 2017. "Subsidies or loans? Evaluating the impact of R&D support programmes," Research Policy, Elsevier, vol. 46(7), pages 1198-1214.
    5. Huergo, Elena & Trenado, Mayte & Ubierna, Andrés, 2016. "The impact of public support on firm propensity to engage in R&D: Spanish experience," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 206-219.
    6. Segarra Blasco, Agustí, 1958- & Teruel, Mercedes & Bové Sans, Miquel Àngel, 2014. "A territorial approach to R&D subsidies: Empirical evidence for Catalonian firms," Working Papers 2072/242275, Universitat Rovira i Virgili, Department of Economics.
    7. Huergo, E. & Trenado, Mayte / M. & Ubierna, Andrés / A., 2013. "Impact of low-interest credits on business R&D expenditures: Spanish firms and CDTI loans for R&D projects," MPRA Paper 44221, University Library of Munich, Germany.

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