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The Effects of Regional R&D Subsidies on Innovative SME: Evidence from Aquitaine SMEs

Author

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  • BEDU Nicolas
  • VANDERSTOCKEN Alexis

Abstract

Many studies have looked at the effectiveness of public schemes supporting private R&D but few have highlighted the role regions play in R&D funding. The present article assesses the R&D support package developed in the Aquitaine, France’s number one region in terms of proportion of budget spent on innovation. Its findings show that regional subsidies have induced local SMEs to increase their R&D resources and accelerate their expansion. More broadly, the article enhances understanding of the determinants explaining the effectiveness of public actions supporting private R&D.

Suggested Citation

  • BEDU Nicolas & VANDERSTOCKEN Alexis, 2015. "The Effects of Regional R&D Subsidies on Innovative SME: Evidence from Aquitaine SMEs," Cahiers du GREThA 2015-13, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2015-13
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    File URL: http://cahiersdugretha.u-bordeaux4.fr/2015/2015-13.pdf
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    References listed on IDEAS

    as
    1. Lach, Saul, 2002. "Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel," Journal of Industrial Economics, Wiley Blackwell, vol. 50(4), pages 369-390, December.
    2. Katrin Hussinger, 2008. "R&D and subsidies at the firm level: an application of parametric and semiparametric two-step selection models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 23(6), pages 729-747.
    3. Bjørn Asheim & Ron Boschma & Philip Cooke, 2011. "Constructing Regional Advantage: Platform Policies Based on Related Variety and Differentiated Knowledge Bases," Regional Studies, Taylor & Francis Journals, vol. 45(7), pages 893-904.
    4. Erol Taymaz & Yesim Ucdogruk, 2013. "The Demand for Researchers: Does Public R&D Support Make a Difference?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 3(1), pages 90-99, June.
    5. Massimo G. Colombo & Silvia Giannangeli & Luca Grilli, 2013. "Public subsidies and the employment growth of high-tech start-ups: assessing the impact of selective and automatic support schemes," Industrial and Corporate Change, Oxford University Press, vol. 22(5), pages 1273-1314, October.
    6. Davide Antonioli & Alberto Marzucchi & Sandro Montresor, 2014. "Regional Innovation Policy and Innovative Behaviour: Looking for Additional Effects," European Planning Studies, Taylor & Francis Journals, vol. 22(1), pages 64-83, January.
    7. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2014. "Tax incentives… or subsidies for business R&D?," Small Business Economics, Springer, vol. 43(3), pages 571-596, October.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    SME; R&D subsidies; regional Science and Technology policy; public policy evaluation.;

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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