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Public policy for innovation and internationalization: are they worth it?

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  • Mariasole Bannò
  • Valentina Morandi
  • Celeste Amorim Varum

Abstract

This study contributes to the debate about the role of industrial policies for innovation and internationalization on local economic performance. A panel data analysis on Italian regions examines the interrelationships between public grants, level of innovation and internationalization and economic performance. The main findings are that (1) the impact of pro-innovation policies on economic performance is higher in internationalized regions and (2) the level of local R&D expenditures does not contribute to the effectiveness of subsidies for internationalization.

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  • Mariasole Bannò & Valentina Morandi & Celeste Amorim Varum, 2013. "Public policy for innovation and internationalization: are they worth it?," Applied Economics Letters, Taylor & Francis Journals, vol. 20(10), pages 927-930, July.
    • Handle: RePEc:taf:apeclt:v:20:y:2013:i:10:p:927-930
    DOI: 10.1080/13504851.2013.765535
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    1. Gustavsson Tingvall, Patrik & Videnord, Josefin, 2017. "Regional Effects of Publicly Sponsored R&D Grants on SME Performance," Ratio Working Papers 289, The Ratio Institute.
    2. Patrik Gustavsson Tingvall & Josefin Videnord, 2020. "Regional differences in effects of publicly sponsored R&D grants on SME performance," Small Business Economics, Springer, vol. 54(4), pages 951-969, April.
    3. Anabela Santos & Michele Cincera & Paulo Neto & Maria Manuel Serrano, 2019. "Which projects are selected for an innovation subsidy? The Portuguese case," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 18(3), pages 165-202, October.
    4. Shigeno, Hidenori & Bunno, Teruyuki & Abu Taher, Sheikh & Tsuji, Masatsugu, 2020. "R&D and ICT in the Innovation Process of Japanese Innovative SMEs: Panel Data Analysis Based on Firm-Level Survey Data," ITS Conference, Online Event 2020 224875, International Telecommunications Society (ITS).
    5. Asimakopoulos, Grigorios & Revilla, Antonio & Rodríguez, Alicia, 2023. "International R&D sourcing, innovation and firm age: The advantage of ‘born-international sourcers’," Technovation, Elsevier, vol. 122(C).
    6. Bannò, Mariasole, 2016. "Propensity to patent by family firms," Journal of Family Business Strategy, Elsevier, vol. 7(4), pages 238-248.
    7. Joan Freixanet, 2014. "Innovation and internationalization: relationship and implications for management and public policy," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 2(2), pages 57-75, December.

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