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Evaluating the Impact of Technology Development Funds in Emerging Economies: Evidence from Latin America

  • Bronwyn H. Hall

    ()

    (of California at Berkeley and University of Maastricht)

  • Alessandro Maffioli

    ()

    (Inter-American Development Bank)

The paper surveys impact evaluations of government Technology Development Funds (TDF) in Argentina, Brazil, Chile and Panama. All the evaluations were done at the recipient (firm) level using data from innovation surveys, industrial surveys, and administrative records of the granting units, together with quasi-experimental econometric techniques to minimize the effects of any selection bias. TDF effectiveness is found to depend on the financing mechanism used, on the presence of non-financial constraints, on firm-university interaction, and on the characteristics of the target beneficiaries. The surveyed evaluations considered four levels of potential impact: R&D input additionality, behavioural additionality, increases in innovative output, and improvements in performance. The evidence suggests that TDF do not crowd out private investment and that they positively affect R&D intensity. In addition, participation in TDF induces a more proactive attitude of beneficiary firms towards innovation activities. However, the analysis does not find much statistically significant impact on patents or new product sales and the evidence on firm performance is mixed, with positive results in terms of firm growth, but little corresponding positive impact on measures of firm productivity.

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Paper provided by Inter-American Development Bank, Office of Evaluation and Oversight (OVE) in its series OVE Working Papers with number 0108.

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Length: 41 pages
Date of creation: Jan 2008
Date of revision:
Handle: RePEc:idb:ovewps:0108
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  1. Velho, Lea, 2004. "Science and Technology in Latin America and the Caribbean: An Overview," UNU-INTECH Discussion Paper Series 04, United Nations University - INTECH.
  2. João Alberto De Negri & Mauro Borges Lemos & Fernanda De Negri, 2006. "The Impact of University Enterprise Incentive Program on the Performance and Technological Efforts of Brazilian Industrial Firms," IDB Publications (Working Papers) 24618, Inter-American Development Bank.
  3. Paul A. David, Bronwyn H. Hall and Andrew A. Toole., 1999. "Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence," Economics Working Papers E99-269, University of California at Berkeley.
  4. Hall, Bronwyn H., 2002. "The Financing of Research and Development," Department of Economics, Working Paper Series qt34c1c643, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  5. João Alberto De Negri & Mauro Borges Lemos & Fernanda De Negri, 2006. "Impact of P&D Incentive Program on the Performance and Technological Efforts of Brazilian Industrial Firms," IDB Publications (Working Papers) 24578, Inter-American Development Bank.
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