Instrument policy mix and firm size

is there complementarity between R&D subsidies and R&D tax credits?

Tea Petrin (Avtor), Dragana Radičić (Avtor)

Povzetek

Nowadays, a rising number of evaluations investigates a multifaceted concept of the policy mix. Our study specifcally focuses on the mix of two most frequently used supply-side instruments–R&D subsidies and R&D tax credits. Drawing on the longitudinal sample of Spanish manufacturing frms, we investigate whether there is a complementary interaction between these policy instruments with respect to product and process innovations. Moreover, by employing a dynamic random-efects probit estimator, we account for the persistence of innovation and endogeneity of public support. The results, that are separately estimated for SMEs and large frms, uniformly show evidence of no interplay between two policy instruments either in SMEs or large frms. However, among factors that infuence the propensity to product and process innovations, by far, the largest efect is generated by true state dependence. These fndings provide some policy implications for fostering product and process innovations in the long run.

Ključne besede

majhna in srednja podjetja;raziskave;družbenoekonomski razvoj;SMEs;research;socio-economic development;

Podatki

Jezik:	Angleški jezik
Leto izida:	2022
Tipologija:	1.01 - Izvirni znanstveni članek
Organizacija:	UL EF - Ekonomska fakulteta
UDK:	502.131.1
COBISS:	111778563
ISSN:	0892-9912
Št. ogledov:	36
Št. prenosov:	21
Ocena:	0 (0 glasov)
Metapodatki:

Ostali podatki

Sekundarni jezik:	Slovenski jezik
Sekundarne ključne besede:	majhna in srednja podjetja;raziskave;družbenoekonomski razvoj;
Vrsta dela (COBISS):	Članek v reviji
Čas izdaje:	[in press] 2022
DOI:	10.1007/s10961-021-09908-8
ID:	15702051