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

AuthorsCruz Castro, Laura CSIC ORCID ; Holl, Adelheid CSIC ORCID ; Rama Dellepiane, Ruth ; Sanz Menéndez, Luis CSIC ORCID
KeywordsR&D investment
Economic crisis
Regional innovation policy
Issue Date2018
PublisherTaylor & Francis
CitationIndustry and Innovation 25(8): 729-751 (2018)
AbstractThe 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.
Publisher version (URL)https://www.tandfonline.com/doi/full/10.1080/13662716.2017.1355231
Appears in Collections:(CCHS-IPP) Artículos
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