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Economic crisis and company R&D in Spain: do regional and policy factors matter?

AutorCruz Castro, Laura ; Holl, Adelheid ; Rama Dellepiane, Ruth ; Sanz Menéndez, Luis
Palabras claveR&D investment
Economic crisis
Resilience
Regional innovation policy
Fecha de publicación2017
EditorTaylor & Francis
CitaciónIndustry and Innovation 25 (8): 729-751 (2017)
ResumenThe economic crisis which began in 2008 has had a far-reaching impact, including effects on the innovation behaviour of firms. Many companies have reduced their innovation-related activities, although some firms have been more resilient than others. Using a representative microdata panel of Spanish firms, we study the probability of companies abandoning in-house R&D during the crisis and its relationship to regional and policy factors. We find significant regional heterogeneity related to regional economic size and the type of the regional innovation system; regional government R&D support only reduces R&D abandonment rates in regions where a strong system of knowledge exploitation is in place.
Versión del editorhttp://dx.doi.org/10.1080/13662716.2017.1355231
URIhttp://hdl.handle.net/10261/173987
E-ISSN1469-8390
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