Publication: Does the effect of public support for R&D depend on the degree of appropriability?
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2009-12
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John Wiley and Sons
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Abstract
We explore the interaction between public support for R&D and appropriability using a dataset constructed from the Spanish Community Innovation Survey, for the period 2000–2005. We find that public support policy is less able to stimulate privately financed internal R&D in firms where appropriability mechanisms are more effective. On average, the effect of public support for R&D is three times larger for those firms reporting a level of appropriability below the median vis-à-vis those firms for which appropriability is above the median level. Furthermore, for supported firms with the highest degree of appropriability, crowding out cannot be ruled out.
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Journal of Industrial Economics, 2009, v. 57, nº 4, pp. 736-767