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R&D Subsidies in Spain: are they Really Useful?

Author

Listed:
  • César Rodríguez-Gutiérrez

    (University of Oviedo)

  • Juan Francisco Canal-Domínguez

    (University of Oviedo)

Abstract

This article is aimed at estimating the impact of R&D subsidies on the demand for researchers, using information provided by a panel of Spanish firms belonging to the industrial and services sectors followed up during the 2004–2016 period. Estimates include corrections for the endogeneity bias generated by wages and by a set of variables measuring R&D public financing, as well as for the sample selection bias coming from the fact that the only wage data available are those from firms that are internal R&D performers and hire researchers. Estimate results show that public R&D financing has a positive and relevant impact on the demand for researchers. This result allows supporting the implementation of policies to promote public research funding in Spain, regardless of the origin of the funds received.

Suggested Citation

  • César Rodríguez-Gutiérrez & Juan Francisco Canal-Domínguez, 2025. "R&D Subsidies in Spain: are they Really Useful?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(2), pages 8085-8109, June.
    • Handle: RePEc:spr:jknowl:v:16:y:2025:i:2:d:10.1007_s13132-024-02174-7
    DOI: 10.1007/s13132-024-02174-7
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    References listed on IDEAS

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    1. Semykina, Anastasia & Wooldridge, Jeffrey M., 2010. "Estimating panel data models in the presence of endogeneity and selection," Journal of Econometrics, Elsevier, vol. 157(2), pages 375-380, August.
    2. Esther Goya & Esther Vayá & Jordi Suriñach, 2016. "Innovation spillovers and firm performance: micro evidence from Spain (2004–2009)," Journal of Productivity Analysis, Springer, vol. 45(1), pages 1-22, February.
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    More about this item

    Keywords

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    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • 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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