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Title:
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Young Firms and R&D subsidies in Catalonia
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Author:
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Segarra Blasco, Agustí, 1958-; Teruel, Mercedes
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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Based on four different public R&D calls from the Catalan government, this article
evaluates the propensity of entrants and young firms to apply for R&D public grants
and, as compared to their counterparts, their capacity for obtaining subsides. This
analysis is particularly relevant since entrants and young firms encounter greater market
difficulties. Our sample contains 22,139 firms and corresponds to a merge of two
databases: one from the Catalan agency responsible for promoting private innovation
(ACC1Ó) and the other from the Mercantile Register. Merging these databases has two
advantages. Firstly, participants and non-participants in the public R&D call
(“InnoEmpresa”) are included and, secondly, it provides us with information at firm and
project level. The period of observation is between 2006 and 2010, since some
explanatory variables are lagged by one period. We apply a two-step methodology. Our
results show that entrants and young firms show a lower propensity to apply for R&D
subsidies and to obtain R&D public grants. Firm size, exports and participation in a
previous call show a positive impact on the likelihood of applying, and firms located in
the Barcelona metropolitan area have a greater propensity to apply. Additionally, project
quality and R&D cooperative reports presented jointly with other partners have a
positive impact on the likelihood of obtaining the R&D subsidy. Finally, firms that have
previously obtained an R&D subsidy do not exhibit a greater propensity for obtaining
subsequent grants.
Keywords: R&D subsidies, entrants and young firms
Classification JEL: L53, L25, O38 |
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Publication date:
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2014 |
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Subject (UDC):
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332 - Economia regional i territorial. Economia del sòl i de la vivenda |
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Subject(s):
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Subvencions
Empreses -- Creació
Política industrial
Empreses -- Dimensió -- Catalunya
Innovacions tecnològiques -- Política governamental |
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Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
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Pages:
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25 p. |
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Document type:
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Working Paper |
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Published by:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2014-22
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