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Determinants of grant decisions in R&D subsidy programmes: Evidence from firms and S&T organisations in Portugal.
Determinants of grant decisions in R&D subsidy programmes: Evidence from firms and S&T organisations in Portugal.
- Source :
-
Science & Public Policy (SPP) . Oct2017, Vol. 44 Issue 5, p683-697. 15p. - Publication Year :
- 2017
-
Abstract
- While public intervention in Research and Development (R&D) is generally supported by economic theory and R&D subsidies are being implemented in most OECD countries, evidence on their effectiveness fails to reveal conclusive results. Exploring data from approved and rejected applicants to two R&D funding instruments in Portugal, we provide further evidence on R&D subsidy programmes directed to firms and S&T organisations, by identifying the determinants of grant decisions by the public agency. The results show that subsidies to firms are mainly aimed at large R&D projects by manufacturing firms, in both high- and low-technology sectors. Subsidies to S&T organisations show a higher degree of selectivity, targeting mainly universities and premium public research centres, and favouring R&D projects in exact sciences and engineering and cooperation projects. The subsidy allocation process in Portugal presents distinctive features in line with its status of an innovation follower country. [ABSTRACT FROM AUTHOR]
- Subjects :
- *RESEARCH & development
*SUBSIDIES
*MANUFACTURING industries
Subjects
Details
- Language :
- English
- ISSN :
- 03023427
- Volume :
- 44
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Science & Public Policy (SPP)
- Publication Type :
- Academic Journal
- Accession number :
- 125613867
- Full Text :
- https://doi.org/10.1093/scipol/scx002