Template-type: ReDIF-Paper 1.0
Author-Name: Ascensión Barajas 
Author-Email: abi@cdti.es
Author-Workplace-Name: Unit of Impact Assessment, CDTI, Centro para el Desarrollo Tecnológico Industrial. Universidad Autónoma de Madrid
Author-Name: Elena Huergo
Author-Email: ehuergoo@ucm.es
Author-Workplace-Name:
 GRIPICO (Group for Research in Productivity, Innovation and Competition). Department of Economic Analysis, Universidad Complutense de Madrid.
Author-Name: Lourdes Moreno Martín

Author-Email: lmorenom@ucm.es
Author-Workplace-Name:
 GRIPICO (Group for Research in Productivity, Innovation and Competition). Department of Economic Analysis, Universidad Complutense de Madrid.
Title: Public Support to Business R&D and the Economic Crisis: Spanish Evidence
Abstract: The objective of the present study is to compare the effect of public support of business R&D on technological inputs and outputs before and during the recent 
	economic crisis. To do so, we use information provided by the Centre for the Development for Industrial Technology (CDTI), which is the main public agency in Spain 
	that grants financial aid of its own to companies for the execution of R&D projects. Specifically, we consider firms supported through CDTI programmes for periods 
	the 2002-2005 and 2010-2012. Impact assessment is conducted using "matching" techniques. Our preliminary results suggest that, during the crisis, public support 
	continued to have positive effects on the resources devoted to R&D activities, and also increased the technological outputs obtained from these resources.
Classification-JEL:
 H81, L2, O3.
Keywords: Impact assessment, Economic crisis, Public aid, Business R&D.
Note:
 This research has been partially funded by the Spanish Ministry of Economy and Competitiveness (project ECO2014-52051-R) and by the Autonomous Region of Madrid through project S2015HUM-3417
(INNCOMCON-CM), co-funded by the European Social Fund (European Union).

Length: 33 pages 
Creation-Date: 2017
Number: 17-03 
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doctra17-03.txt
File-URL: https://eprints.ucm.es/id/eprint/45321/1/1703.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doctra:17-03