Título:
|
The impact of public support on firm propensity to engage in R&D: Spanish experience
|
Autores:
|
Huergo, Elena ;
Trenado, Mayte ;
Ubierna, Andrés
|
Tipo de documento:
|
texto impreso
|
Editorial:
|
Elsevier, 2015
|
Dimensiones:
|
application/pdf
|
Nota general:
|
info:eu-repo/semantics/openAccess
|
Idiomas:
|
|
Palabras clave:
|
Estado = En prensa
,
Materia = Ciencias Sociales: Economía: Economía pública
,
Materia = Ciencias Sociales: Economía: Economía industrial
,
Tipo = Artículo
|
Resumen:
|
Our objective is to estimate the effect of public low-interest loans for R&D projects on the probability of performing R&D by Spanish firms. The estimations provide evidence of the effectiveness of public low-interest loans, being the stimulus effect larger for SMEs than for large firms and also higher for manufacturing than for services. Supported firms are approxi-mately 25 percentage points more likely to self-finance their R&D investments than non-supported firms. The effect is quite relevant if we consider that the probability of self-financing R&D activities is 53.2 percentage points higher when the firm has invested in R&D activities in the previous year. This result suggests that firms can be induced persistently to perform R&D activities by means of loans.
|
En línea:
|
https://eprints.ucm.es/30155/1/Impact%20of%20public%20support-18-03-2015.pdf
|