THE EFFECTIVENESS OF R&D SUPPORT IN ITALY. SOME EVIDENCE FROM MATCHING METHODS

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Francesco Aiello ORCID logo

https://doi.org/10.22495/rgcv3i4art1

Abstract

In this study several matching procedures have been used to evaluate the impact of public R&D support received by Italian manufacturing firms over the three-year period 2004-2006. Data are from the Capitalia-UniCredit survey and estimations refer to a sample of 605 treated firms (untreated are 2414). The evidence is mixed and depends on the objective-variable under consideration. As far as the total amount of R&D investments is concerned, the role of public support to innovation is positive and significant, while no impact has been found when considering the R&D intensity and the share of sales due to innovative-products. These differences in results are quite regular, whatever the matching method applied in the evaluation.

Keywords: R&D Investments; Innovative Sales; Matching estimators; Policy Evaluation

How to cite this paper: Aiello, F. (2013). The effectiveness of R&D support in Italy. Some evidence from matching methods. Risk governance & control: Financial markets & institutions, 3(4), 7-15. https://doi.org/10.22495/rgcv3i4art1