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- handle: 10670/1.j7uc2m
- hal: hal-01559041
info:eu-repo/semantics/OpenAccess
Mots-clés
French policy mix Additionality spatial panel structural breaks R&D investment H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue/H.H2.H25 - Business Taxes and Subsidies O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O31 - Innovation and Invention: Processes and Incentives O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O38 - Government PolicySujets proches
Technological change Breakthroughs, Technological Innovations, Industrial Technological breakthroughs Technical innovations Innovations, Technological Grants Subventions Vouchers (Subsidies) Corporate subsidies Welfare, Corporate Government subsidies Business subsidies Corporate welfare Government aid Federal aidCiter ce document
Benjamin Montmartin et al., « R&D policy regimes in France: New evidence from a spatio-temporal analysis », HAL-SHS : économie et finance, ID : 10670/1.j7uc2m
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Résumé
Using a unique database containing information on the amount of R&D tax credits and regional, national and European subsidies received by firms in French NUTS3 regions over the period 2001-2011, we provide new evidence on the efficiency of R&D policies taking into account spatial dependency across regions. By estimating a spatial Durbin model with regimes and fixed effects, we show that in a context of yardstick competition between regions, national subsidies are the only instrument that displays total leverage effect. For other instruments internal and external effects balance each other resulting in insignificant total effects. Structural breaks corresponding to tax credit reforms are also revealed.