Analyzing the Interaction between R&D Subsidies and Firm’s Innovation Strategy
Innovation and Technology policies provide positive incentives to the firms to perform R&D activities. This article examines the decision of internal and external R&D expenditures of subsidized firms, estimating the impact of R&D subsidies on firms performing different innovation strateg...
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| Autor principal: | |
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| Lenguaje: | English |
| Publicado: |
Universidad Alberto Hurtado. Facultad de Economía y Negocios
2012
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000300006 |
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| Sumario: | Innovation and Technology policies provide positive incentives to the firms to perform R&D activities. This article examines the decision of internal and external R&D expenditures of subsidized firms, estimating the impact of R&D subsidies on firms performing different innovation strategies. The Spanish survey on business strategy for manufacturing firms (ESEE) is used for the period 1998-2005. Results show that determinants of pure internal or external R&D expenditures obey to different motivations, affecting in consequence, the impact of the subsidies on firms adopting different sources of knowledge. |
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