Does public financial support stimulate innovation and productivity? An impact evaluation


Autoria(s): Aboal, Diego; Garda, Paula
Data(s)

11/08/2015

11/08/2015

01/08/2015

Resumo

This paper contributes to the empirical literature that evaluates the effects of public financial support to innovation on innovation expenditures, innovation itself and productivity in developing countries. Propensity score matching techniques and data from Innovation Surveys are used to analyse the impacts of public financial support to innovation on Uruguayan firms. The results indicate that there is no crowding-out effect of private innovation investment by public funds and that public financial support in Uruguay seems to increase private innovation expenditures. Financial support also appears to induce increased research and development expenditures and innovative sales, with these effects being greatest for service firms. Public funds do not, however, significantly stimulate private expenditures by firms that would have carried out innovation activities even in the absence of financial support.

Identificador

http://hdl.handle.net/11362/38832

LC/G.2636-P

3

Idioma(s)

en

Relação

CEPAL Review

115

Tipo

Texto