Do regional R&D subsidies foster innovative SMEs’ development: evidence from Aquitaine SMEs - Archive ouverte HAL Access content directly
Journal Articles European Planning Studies Year : 2020

Do regional R&D subsidies foster innovative SMEs’ development: evidence from Aquitaine SMEs

Nicolas Bedu
Alexis Vanderstocken
  • Function : Author

Abstract

Many studies have looked at the effectiveness of public schemes supporting private R&D but few have highlighted the role regions play in R&D funding. The present article investigates the effectiveness of R&D support at this level of analysis. More precisely, it assesses the R&D support scheme developed in Aquitaine, France's number one region in terms of proportion of budget spent on innovation. Its findings show that (i) public subsidies (regional and non-regional subsidies) have induced local SMEs to increase their R&D resources; (ii) effectiveness of public R&D support relies on the joint interventions of regional, national and supranational authorities; (iii) higher private R&D tends to be explained by an increase in the number of R&D employees, rather than an increase in their remuneration; (iv) regional action has a beneficial effect on business growth, and (v) job creation targets of the regional science and technology policy are satisfied, suggesting that regional subsidies are particularly effective when they help the region's innovative SMEs to expand and develop. More broadly, the article enhances understanding of the determinants explaining the effectiveness of public actions supporting private R&D.
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Dates and versions

hal-02985861 , version 1 (02-11-2020)

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Nicolas Bedu, Alexis Vanderstocken. Do regional R&D subsidies foster innovative SMEs’ development: evidence from Aquitaine SMEs. European Planning Studies, 2020, 28 (8), pp.1575-1598. ⟨10.1080/09654313.2019.1651828⟩. ⟨hal-02985861⟩
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