Public selection and financing of R&D cooperative projects: Credit versus subsidy funding

Research Policy

Volumn 39, Issue 4, 2010, Pages 549-563

  Santamaría, Lluís ^a   Barge Gil, Andrés ^b   Modrego, Aurelia ^c  

^a DEPARTMENT OF BUSINESS ADMINISTRATION   (Spain)

^b UNIVERSIDAD COMPLUTENSE DE MADRID   (Spain)

^c UNIVERSIDAD CARLOS III DE MADRID   (Spain)

Author keywords

Credit; Project selection; Public Funding; R D Cooperation; Subsidy

Indexed keywords

ANALYTICAL MODEL; BASIC RESEARCH; PROJECT LEVELS; PROJECT SELECTION; PUBLIC AGENCIES; PUBLIC FUNDING; PUBLIC PROJECT; SELECTION PROCESS; THREE STAGES;

PROFITABILITY;

EID: 77950296817     PISSN: 00487333     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.respol.2010.01.011     Document Type: Article

References (46)

1. Acosta J., and Modrego A. Public financing of cooperative R&D projects in Spain: the Concerted Projects under the National R&D Plan. Research Policy 30 (2001) 625-641
2. Arrow K.J. Economic welfare and the allocation of resources for invention. In: Nelson R.R. (Ed). The Rate and Direction of Inventive Activity (1962), Princeton University Press, Princeton, NJ
3. Becker W., and Dietz J. R&D co-operation and innovation activities of firms-evidence for the German manufacturing industry. Research Policy 33 (2004) 209-223
4. Blanes J.V., and Busom I. Who participates in R&D subsidy programs? The case of Spanish manufacturing firms. Research Policy 33 (2004) 1459-1476
5. Bozeman B. Technology transfer and public policy: a review of research and theory. Research Policy 29 (2000) 627-655
6. Bozeman B., and Rogers J. Strategic management of government-sponsored R&D portfolios. Environment and Planning C: Government and Policy 19 (2001) 413-442
7. Cassiman B. Research joint ventures and optimal R&D policy with asymmetric information. International Journal of Industrial Organization 18 (2000) 283-314
8. Castro J.C. Dos años de PROFIT: algunos datos para un balance provisional. Economía Industrial 340 (2001) 179-183
9. Cozzarin B. Data and the measurement of R&D program impact. Evaluation and Program Planning 31 (2008) 284-298
10. Das T., and Teng B. A resource-based theory of strategic alliances. Journal of Management 26 (2000) 31-61
11. David P.A., Hall B.H., and Toole A.A. Is public R&D a complement or substitute for private R&D? A review of the econometric evidence. Research Policy 29 (2000) 497-529
12. Duysters G., Kok G., and Vaandrager M. Crafting successful strategic technology partnerships. R&D Management 29 4 (1999) 343-351
13. Feller I., Glasmeier A., and Mark M. Issues and perspectives on evaluating manufacturing modernization programs. Research Policy 25 (1996) 309-319
14. Fölster S. Do subsidies to cooperative R&D actually stimulate R&D investment and cooperation?. Research Policy 24 (1995) 403-417
15. García-Quevedo J. Do public subsidies complement business R&D? A meta-analysis of the econometric evidence. Kyklos 57 (2004) 87-102
16. Geroski P. Antitrust policy towards co-operative R&D ventures. Oxford Review of Economic Policy 9 (1992) 58-71
17. Giebe T., Grebe T., and Wolfstetter E. How to allocate R&D (and other) subsidies: An experimentally tested policy recommendation. Research Policy 35 9 (2006) 1261-1272
18. Greene W. Econometric Analysis. fourth ed. (2000), Prentice Hall, Upper Saddle River, N.J.
19. Hagedoorn J., Link A., and Vonortas N. Research partnerships. Research Policy 29 (2000) 567-586
20. Hamilton B.H., and Nickerson J.A. Correcting for endogeneity in strategic management research. Strategic Organization 1 1 (2003) 53-80
21. Heijs J. Política Tecnológica e Innovación: Evaluación de la Financiación Pública de I+D en España (2001), Consejo Económico y Social de España, Madrid
22. Heijs J. Freerider behaviour and the public finance of R&D activities in enterprises: the case of the Spanish low interest credits for R&D. Research Policy 32 3 (2003) 445-461
23. Heijs J. Do public policies that foster co-operation in innovation augment the co-operative attitude: The empirical facts. Documentos de trabajo del Instituto de Análisis Industrial y Financiero N° (2005) 52
24. Heijs J. Identification of firms supported by technology policies: the case of Spanish low interest credits. Science and Public Policy 32 3 (2005) 219-230
25. Henriksen A.D., and Traynor A.J. A practical R&D project selection scoring tool. IEEE Transactions on Engineering Management 46 (1999) 158-170
26. Herrera L., and Heijs J. Difusión y adicionalidad de las ayudas públicas a la innovación. Revista de Economía Aplicada 44 15 (2007) 177-197
27. Hsu Y.G., Tzeng G.H., and Shyu J.Z. Fuzzy multiple criteria selection of government-sponsored frontier technology R&D projects. R&D Management 33 5 (2003) 539-551
28. Huergo, E., Trenado, M. 2008. Determinantes de la solicitud y concesión de créditos blandos. La empresas española y el apoyo del CDTI a la I+D+i. CDTI Working Paper. Available at http://www.cdti.es/index.asp?MP=35&MS=0&MN=1&TR= C&IDR= 276&id Categoria=9&accion=si.
29. Klette T.J., Moen J., and Griliches Z. Do subsidies to commercial R&D reduce market failures? Microeconometric evaluation studies. Research Policy 29 (2000) 471-495
30. Kogut B. Joint ventures: Theoretical and empirical perspectives. Strategic Management Journal 9 (1988) 312-332
31. Lee M., and Om K. Different factor considered in project selection at public and private R&D institutes. Technovation 16 6 (1996) 271-275
32. Lee M., and Om K. The concept of effectiveness in R&D project selection. International Journal of Technology Management 13 5-6 (1997) 511-524
33. Maddala G.S. Limited-Dependent and Qualitative Variables in Econometrics (1983), Cambridge University Press, Cambridge, UK
34. Martin S. Protection, promotion and cooperation in the European semiconductor industry. Review of Industrial Organization 11 (1996) 721-735
35. Meyer-Krahmer F., and Montigny P. Evaluations of innovation programmes in selected european countries. Research Policy 18 (1989) 313-332
36. Molas-Gallart, J., Salter, A., 2002. Diversidad y excelencia: Consideraciones sobre política científica. IPTS Report 66.
37. Molero J., and Buesa M. Análisis y evaluación de la actuación del CDTI: resultados preliminares de la explotación de la base de datos del CDTI (1995), Instituto de Análisis Industrial y Financiero
38. Nauwelaers C., and Wintjes R. Innovating SMEs and regions: The need for policy intelligence and interactive policies. Technology Analysis & Strategic Management 14 2 (2002) 201-215
39. OECD, 2001. OECD Science, Technology and Industry Scoreboard. Towards a knowledge based economy. OECD, París.
40. Ormala E. Nordic experiences of the evaluation of technical research and development. Research Policy 18 (1989) 333-342
41. Roessner D. Evaluating government innovation programmes: lessons from the u.s. experience. Research Policy 18 (1989) 343-359
42. Shapira P., Roessner D., and Barke R. New public infrastructures for small firm industrial modernization in the USA. Entrepeneurship & Regional Development 7 (1995) 63-84
43. Smith K. Innovation policy in an evolutionary context. In: Saviotti P., and Metcalfe S. (Eds). Evolutionary Theories of Economic and Technological Change (1991), Harwood Academic Publishers 256-275
44. Taggart J.H., and Blaxter T.J. Strategy in pharmaceutical R&D: a portfolio risk matrix. R&D Management 22 3 (1992) 241-254
45. Vence, X., 1998. Industria e innovación. O sistema de innovación e a política tecnolóxica en Galicia. Ed. Xerais. Vigo.
46. Von Hippel E. Sources of Innovation (1988), Oxford University Press, Oxford