Evaluating the Efficacy of European Regional Funds for R&D

40 Pages Posted: 3 May 2013

See all articles by Davide Fantino

Davide Fantino

Bank of Italy

Giusy Cannone

Polytechnic University of Turin

Date Written: February 27, 2013

Abstract

This paper provides some empirical evidence of the impact of two policy measures designed to support innovation in small and medium firms in an Italian region, both financed using the European Structural Funds but managed at regional level. The first measure was a concessional loan to promote the introduction of innovative plant, machinery and equipment, while the second was a free grant to stimulate research activity by firms. The programmes were effective in stimulating targeted investments (respectively tangible and intangible), but the benefits were short-lived, although to different degrees. The impact was stronger for the smallest firms and, in the case of the second measure, for firms with a low credit rating.

Keywords: R&D, public policy, evaluation

JEL Classification: O32, O38

Suggested Citation

Fantino, Davide and Cannone, Giusy, Evaluating the Efficacy of European Regional Funds for R&D (February 27, 2013). Bank of Italy Temi di Discussione (Working Paper) No. 902. Available at SSRN: https://ssrn.com/abstract=2259591 or http://dx.doi.org/10.2139/ssrn.2259591

Davide Fantino (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Roma, 00184
Italy

Giusy Cannone

Polytechnic University of Turin ( email )

Torino, 10129
Italy

Register to save articles to
your library

Register

Paper statistics

Downloads
23
Abstract Views
199
PlumX Metrics