Input, Output, and Behavioral Additionality of Innovation Subsidies

  • Edgard Alberto Méndez-Morales Universidad Militar Nueva Granada
Keywords: Parametric matching, R&D&I, difference in differences, DANE, abandonment, patents, trademarks, innovation impediments

Abstract

Using a Conditional Difference in Difference procedure and data for Colombia, we determine if firms that receive subsidies to innovation in the period 2010-2016 present additionality on input, output, and behavioral innovation variables. We found that there are differences among the additionalities of small and medium firms (SMEs) and big firms, and the existence of a crowding-out effect for internal R&D expenditures in SMEs. At the same time, we found additionality on R&D employment for all types of firms and the presence of experience effects introduced by subsidies, especially for SMEs. These effects are related to positive additionalities. At the same time, we cannot find additionality effects on patents and trademarks. However, we found negative additionality on sales of big companies that we relate with the way we measure this variable.

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Author Biography

Edgard Alberto Méndez-Morales, Universidad Militar Nueva Granada
Economista investigador y consultor en temas relacionados con finanzas de la innovación y formas de financiación de empresas innovadoras y emprendimientos. Docente en temas financieros e innovación en universidades reconocidas del ámbito nacional. Amplia experiencia en análisis de proyectos de ciencia, tecnología e innovación y en consultoría de valoración de empresas tecnológicas y valoración de activos intangibles. Ph. D. en economía y gestión de la innovación de la Universidad Autónoma de Madrid

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Published
2019-12-12
How to Cite
Méndez-Morales, E. A. (2019). Input, Output, and Behavioral Additionality of Innovation Subsidies. Journal of Technology Management & Innovation, 14(4), 158-172. Retrieved from https://www.jotmi.org/index.php/GT/article/view/3010
Section
Research Articles