Does public financial support stimulate innovation and productivity?
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2013
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Abstract
This paper contributes to literature evaluating the effects of public financial support on total innovation expenditure, innovation and productivity in a middle income country (Uruguay). It presents an impact evaluation of public financial support to innovation on innovation expenditure – extending analysis beyond the R&D context; and provides analysis of possible heterogeneity of impacts on services and manufacturing. Results indicate that there is no crowding-out effect of private innovation investment by public funds, and that public financial support in Uruguay seems to increase private innovation expenditure effort, particularly in manufacturing.
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Meeting: Conferencia Internacional LALICS 2013 “Sistemas Nacionales de Innovación y Políticas de CTI para un Desarrollo Inclusivo y Sustentable”, 11 y 12 de noviembre 2013, Rio de Janeiro, Brasil
Meeting: Conferência Internacional LALICS 2013 “Sistemas Nacionais de Inovação e Políticas de CTI para um Desenvolvimento Inclusivo e Sustentável”, 11 e 12 de novembro, 2013, Rio de Janeiro, Brasil
Meeting: Conferência Internacional LALICS 2013 “Sistemas Nacionais de Inovação e Políticas de CTI para um Desenvolvimento Inclusivo e Sustentável”, 11 e 12 de novembro, 2013, Rio de Janeiro, Brasil
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Keywords
SOUTH AMERICA, PRODUCTIVITY, POLICY EVALUATION, INNOVATION, ECONOMIC GROWTH, INCENTIVES, SERVICE INDUSTRY, SMALL ENTERPRISES, ECONOMETRICS, GOVERNMENT POLICY, ECONOMIC EVALUATION, LATIN AMERICA, CARIBBEAN