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Evaluating the efficacy of European regional funds for R&D
Journal Title: RIV Rassegna Italiana di Valutazione 
Author/s: Davide Fantino, Giusy Cannone 
Year:  2014 Issue: 58 Language: English 
Pages:  32 Pg. 165-196 FullText PDF:  272 KB
DOI:  10.3280/RIV2014-058008
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The authors provide some empirical evidence of the impact of two policy measures designed to support innovation in small and medium firms in Piedmont, 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: Innovation, R&D, public policy, program evaluation. socialhealth, social policies, evidence based evaluation, Lazio region.
Jel Code: O32, O38

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Davide Fantino, Giusy Cannone, in "RIV Rassegna Italiana di Valutazione" 58/2014, pp. 165-196, DOI:10.3280/RIV2014-058008

   

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