(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes |
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| Authors: | Hanna Hottenrott Cindy Lopes-Bento |
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| Institution: | 1. Düsseldorf Institute for Competition Economics (DICE), Germany;2. K.U.Leuven, Department of Managerial Economics, Strategy and Innovation, Leuven, Belgium;3. Centre for European Economic Research (ZEW), Mannheim, Germany;4. University of Zurich, Zurich, Switzerland |
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| Abstract: | This study analyses the impact and effectiveness of targeted public support for R&D investment at the firm level. We test whether the policy design aiming at incentivizing (international) collaboration and R&D in SMEs achieves input as well as output additionality. Our results show that the targeted public subsidies trigger R&D spending, especially so in internationally collaborating SMEs. We further evaluate the different impact of privately financed and publicly induced R&D investment on innovation performance. The results confirm that the publicly induced R&D is productive as it translates into marketable product innovations. While both types of R&D investments trigger significant output effects, the effect of policy-induced R&D investment on sales from market novelties is highest for international collaborators as well as for SMEs. |
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| Keywords: | C14 C30 H23 O31 O38 |
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