(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes

Hanna Hottenrott, Cindy Lopes-Bento

Research output: Contribution to journalArticlepeer-review

154 Scopus citations

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.

Original languageEnglish
Pages (from-to)1055-1066
Number of pages12
JournalResearch Policy
Volume43
Issue number6
DOIs
StatePublished - Jul 2014
Externally publishedYes

Keywords

  • International collaboration
  • Public innovation policy
  • R&D
  • SMEs
  • Subsidies
  • Treatment effects

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