Economic crisis and company R&D in Spain: do regional and policy factors matter?

References

• Aghion, P., P. Askenazy, N. Berman, G. Cette, and L. Eymard. 2012. “Credit Constraints and the Cyclicality of R&D Investment: Evidence from France.” Journal of the European Economic Association 10 (5): 1001–1024.10.1111/jeea.2012.10.issue-5
   Web of Science ®Google Scholar
• Ali-Yrkkö, J. 2005. “Impact of Public R&D Financing on Private R&D. Does Financial Constraint Matter?” Working Paper No. 30. ENEPRI, Brussels. http://aei.pitt.edu/6736/1/1195_30.pdf
   Google Scholar
• Antonelli, C., F. Crespi, and G. Scellato. 2012. “Inside Innovation Persistence: New Evidence from Italian Micro-data.” Structural Change and Economic Dynamics 23: 341–353.10.1016/j.strueco.2012.03.002
   Google Scholar
• Antonioli, D., A. Bianchi, M. Mazzanti, S. Montresor, and P. Pini. 2013. “Innovation Strategies and Economic Crisis: Evidence from Firm-level Italian Data.” Economia Política 30 (1): 33–67.
   Web of Science ®Google Scholar
• Archibugi, D., A. Filippetti, and M. Frenz. 2013a. “Economic Crisis and Innovation: Is Destruction Prevailing over Accumulation?” Research Policy 42 (2): 303–314.10.1016/j.respol.2012.07.002
   Web of Science ®Google Scholar
• Archibugi, D., A. Filippetti, and M. Frenz. 2013b. “The Impact of the Economic Crisis on Innovation: Evidence from Europe.” Technological Forecasting and Social Change 80 (7): 1247–1260.10.1016/j.techfore.2013.05.005
   Web of Science ®Google Scholar
• Arqué-Castells, P. 2013. “Persistence in R&D Performance and Its Implications for the Granting of Subsidies.” Review of Industrial Organization 43 (3): 193–220.10.1007/s11151-013-9381-0
   Web of Science ®Google Scholar
• Arqué-Castells, P., and P. Mohnen. 2015. “Sunk Costs, Extensive R&D Subsidies and Permanent Inducement Effects.” The Journal of Industrial Economics 63 (3): 458–494.10.1111/joie.2015.63.issue-3
   Web of Science ®Google Scholar
• Arvanitis, S., and M. Woerter. 2014. “Firm Characteristics and the Cyclicality of R&D Investments.” Industrial and Corporate Change 23 (5): 1141–1169.10.1093/icc/dtt013
   Web of Science ®Google Scholar
• Autio, E. 1998. “Evaluation of RTD in Regional Systems of Innovation.” European Planning Studies 6 (2): 131–140.10.1080/09654319808720451
   Google Scholar
• Barlevy, G. 2007. “On the Cyclicality of Research and Development.” American Economic Review 97 (4): 1131–1164.10.1257/aer.97.4.1131
   Web of Science ®Google Scholar
• Becker, B. 2015. “Public R&D Policies and Private R&D Investment: A Survey of the Empirical Evidence.” Journal of Economic Surveys 29 (5): 917–942.10.1111/joes.2015.29.issue-5
   Web of Science ®Google Scholar
• Beneito, P., M. E. Rochina-Barrachina, and A. Sanchis-Llopis. 2015. “Ownership and the Cyclicality of Firms’ R&D Investment.” International Entrepreneurship and Management Journal 11 (2): 343–359.10.1007/s11365-014-0320-9
   Web of Science ®Google Scholar
• Borrás, S., and C. Edquist. 2013. “The Choice of Innovation Policy Instruments.” Technological Forecasting and Social Change 80 (8): 1513–1522.10.1016/j.techfore.2013.03.002
   Web of Science ®Google Scholar
• Busom, I. 2000. “An Empirical Evaluation of the Effects of R&D Subsidies.” Economics of Innovation and New Technology 9 (2): 111–148.10.1080/10438590000000006
   Google Scholar
• Busom, I., and A. Fernández-Ribas. 2008. “The Impact of Firm Participation in R&D Programmes on R&D Partnerships.” Research Policy 37 (2): 240–257.10.1016/j.respol.2007.11.002
   Web of Science ®Google Scholar
• Busom, I., and J. A. Velez. 2016. Inversión privada en I+D, apoyo público e innovación en los años de crisis. Madrid: FECYT.
   Google Scholar
• Cantarero, D., and P. Pérez González. 2009. “Fiscal Decentralization and Economic Growth: Evidence from Spanish Regions.” Public Budgeting Finance 29 (4): 24–44.10.1111/pbaf.2009.29.issue-4
   Google Scholar
• Capello, R., A. Caragliu, and U. Fratesi. 2016. “The Costs of the Economic Crisis: Which Scenario for the European Regions?” Environment and Planning C: Government and Policy 34 (1): 113–130.10.1177/0263774X15614471
   Web of Science ®Google Scholar
• Carbonara, N. 2002. “New Models of Inter-firm Networks within Industrial Districts.” Entrepreneurship & Regional Development 14 (3): 229–246.10.1080/08985620210136027
   Web of Science ®Google Scholar
• Cefis, E., and L. Orsenigo. 2001. “The Persistence of Innovative Activities. A Cross-countries and Cross-sectors Comparative Analysis.” Research Policy 30 (7): 1139–1158.10.1016/S0048-7333(00)00139-6
   Web of Science ®Google Scholar
• Cincera, M., C. Cozza, A. Tübke, and P. Voigt. 2012. “Doing R&D or Not (in a Crisis), That is the Question ….” European Planning Studies 20 (9): 1525–1547.10.1080/09654313.2012.709064
   Web of Science ®Google Scholar
• Cohen, W. 1995. “Empirical Studies of Innovative Activity”, In Handbook of the Economics of Innovation and Technological Change, edited by P. Stoneman, 182–264, Oxford: Blackwell.
   Google Scholar
• Comin, D., and M. Gertler. 2006. “Medium-term Business Cycles.” American Economic Review 96 (3): 523–551.10.1257/aer.96.3.523
   Web of Science ®Google Scholar
• Cooke, P. 2009. “Technology Clusters, Industrial Districts and Regional Innovation Systems.” In: A Handbook of Industrial Districts, edited by G. Becattini, M. Bellandi, and L. De Propris, 295–306. Cheltenham: Edward Elgar.
   Google Scholar
• Correa, P., M. Iootty. 2011. “R&D Decisions during the Crisis: Firm-Level Evidence for Selected Eastern Countries”. World Bank Group (Enterprise Note N° 21, 2011). https://www.enterprisesurveys.org/~/media/GIAWB/EnterpriseSurveys/Documents/EnterpriseNotes/Financial-crisis-21.pdf.
   Google Scholar
• Crespo, J., R. Suire, and J. Vicente. 2014. “Lock-in or Lock-out? How Structural Properties of Knowledge Networks Affect Regional Resilience.” Journal of Economic Geography 14 (1): 199–219.10.1093/jeg/lbt006
   Web of Science ®Google Scholar
• Cruz-Castro, L., and L. Sanz-Menéndez. 2016. “The Effects of the Economic Crisis on Public Research: Spanish Budgetary Policies and Research Organizations.” Technological Forecasting and Social Change 113 (Part B): 157–167.10.1016/j.techfore.2015.08.001
   Web of Science ®Google Scholar
• Cuadrado-Roura, J. R., and A. Maroto. 2016. “Unbalanced Regional Resilience to the Economic Crisis in Spain: A Tale of Specialisation and Productivity.” Cambridge Journal of Regions, Economy and Society 9 (1): 153–178.10.1093/cjres/rsv034
   Web of Science ®Google Scholar
• Czarnitzki, D., H. Hottenrott, and S. Thorwarth. 2011. “Industrial Research versus Development Investment: The Implications of Financial Constraints.” Cambridge Journal of Economics 35 (3): 527–544.10.1093/cje/beq038
   Web of Science ®Google Scholar
• David, P. A., B. H. Hall, and A. A. Toole. 2000. “Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence.” Research Policy 29 (4–5): 497–529.10.1016/S0048-7333(99)00087-6
   Web of Science ®Google Scholar
• Davies, S. 2011. “Regional Resilience in the 2008–2010 Downturn: Comparative Evidence from European Countries.” Cambridge Journal of Regions, Economy and Society 4 (3): 369–382.10.1093/cjres/rsr019
   Web of Science ®Google Scholar
• De Propris, L. 2013. “How Are Creative Industries Weathering the Crisis?” Cambridge Journal of Regions Economy and Society 6 (1): 23–35.10.1093/cjres/rss025
   Web of Science ®Google Scholar
• EC. 2016. EU Innovation Scoreboard 2016: Spain. http://ec.europa.eu/DocsRoom/documents/17857.
   Google Scholar
• Eickelpasch, A. 2014. “R&D Behavior of German Manufacturing Companies During the 2008/2009 Recession.” Discussion Papers No. 1357. Berlin, DIW Berlin. https://www.diw.de/documents/publikationen/73/diw_01.c.436077.de/dp1357.pdf.
   Google Scholar
• Fernández-Ribas, A. 2009. “Public Support to Private Innovation in Multi-level Governance Systems: An Empirical Investigation.” Science and Public Policy 36 (6): 457–467.10.3152/030234209X460953
   Web of Science ®Google Scholar
• Filippetti, A., and D. Archibugi. 2011. “Innovation in Times of Crisis: National Systems of Innovation, Structure, and Demand.” Research Policy 40 (2): 179–192.10.1016/j.respol.2010.09.001
   Web of Science ®Google Scholar
• García-Quevedo, J. 2004. “Do Public Subsidies Complement Business R&D? A Meta-analysis of the Econometric Evidence.” Kyklos 57 (1): 87–102.10.1111/kykl.2004.57.issue-1
   Web of Science ®Google Scholar
• García-Vega, M., and A. López. 2010. “Determinants of Abandoning Innovative Activities: Evidence from Spanish Firms.” Cuadernos De Economía Y Dirección De La Empresa 45: 69–91.10.1016/S1138-5758(10)70024-4
   Google Scholar
• Geroski, P. A., and C. F. Walters. 1995. “Innovative Activity Over the Business Cycle.” The Economic Journal 105: 916–928.10.2307/2235158
   Web of Science ®Google Scholar
• Gilly, J. P., M. Kechidi, and D. Talbot. 2014. “Resilience of Organisations and Territories: The Role of Pivot Firms.” European Management Journal 32 (4): 596–602.10.1016/j.emj.2013.09.004
   Web of Science ®Google Scholar
• Glückler, J., and R. Lenz. 2016. “How Institutions Moderate the Effectiveness of Regional Policy: A Framework and Research Agenda.” Journal of Regional Research 36: 255–277.
   Google Scholar
• González, X., J. Jaumandreu, and C. Pazó. 2005. “Barriers to Innovation and Subsidy Effectiveness.” The RAND Journal of Economics 36 (4): 930–950.
   Web of Science ®Google Scholar
• Groot, S. P. T., J. L. Möhlmann, J. H. Garretsen, and H. L. F. de Groot. 2011. “The Crisis Sensitivity of European Countries and Regions: Stylized Facts and Spatial Heterogeneity.” Cambridge Journal of Regions, Economy and Society 4 (3): 437–456.10.1093/cjres/rsr024
   Web of Science ®Google Scholar
• Harfi, M., and C. Mathieu. 2009. “Investissement en R&D des entreprises et cycles économiques dans les pays de l’OCDE.” La note de veille 153. Paris: Centre d’Analyse Stratégique. http://archives.strategie.gouv.fr/cas/system/files/noteveille153.pdf
   Google Scholar
• Herrera, L., and N. Nieto. 2008. “The National Innovation Policy Effect according to Firm Location.” Technovation 28 (8): 540–550.10.1016/j.technovation.2008.02.009
   Web of Science ®Google Scholar
• Holl, A., and R. Rama. 2016. “Persistence of Innovative Activities in times of Crisis: The Case of the Basque Country.” European Planning Studies 24 (10): 1863–1883.10.1080/09654313.2016.1204426
   Web of Science ®Google Scholar
• Hud, M., and C. Rammer. 2015. “Innovation Budgeting Over the Business Cycle and Innovation Performance.” ZEW-Centre for European Economic Research Discussion Paper (15-030), Mannheim. http://ftp.zew.de/pub/zew-docs/dp/dp15030.pdf.
   Google Scholar
• Huergo, E., M. Trenado, and A. Ubierna. 2016. “The Impact of Public Support on Firm Propensity to Engage in R&D: Spanish Experience.” Technological Forecasting and Social Change 113 (Part B): 206–219.10.1016/j.techfore.2015.05.011
   Web of Science ®Google Scholar
• Izsak, K., P. Markianidou, R. Lukach, and A. Wastyn. 2013. The Impact of the Crisis on Research and Innovation Policies. Study for the European Commission DG Research by Technopolis Group Belgium and Idea Consult. https://ec.europa.eu/research/innovation-union/pdf/expert-groups/ERIAB_pb-Impact_of_financial_crisis.pdf
   Google Scholar
• Laranja, M., E. Uyarra, and K. Flanagan. 2008. “Policies for Science, Technology and Innovation: Translating Rationales into Regional Policies in a Multi-Level Setting.” Research Policy 37 (5): 823–835.10.1016/j.respol.2008.03.006
   Web of Science ®Google Scholar
• Magro, E., and J. R. Wilson. 2013. “Complex Innovation Policy Systems: Towards an Evaluation Mix.” Research Policy 42 (9): 1647–1656.10.1016/j.respol.2013.06.005
   Web of Science ®Google Scholar
• Martínez, C., J. M. Azagra-Caro, and S. Maraut. 2013. “Academic Inventors, Scientific Impact and the Institutionalisation of Pasteur’s Quadrant in Spain.” Industry and Innovation 20 (5): 438–455.10.1080/13662716.2013.824194
   Web of Science ®Google Scholar
• Martinez-Ros, E., and J. M. Labeaga. 2009. “Product and Process Innovation: Persistence and Complementarities.” European Management Review 6 (1): 64–75.10.1057/emr.2009.4
   Web of Science ®Google Scholar
• Marzucchi, A., and S. Montresor. 2015. “The Multi-dimensional Additionality of Innovation Policies. A Multi-level Application to Italy and Spain.” In The Economics of Knowledge, Innovation and Systemic Technology Policy, edited by F. Crespi, and F. Quatraro, 239–270, Oxon: Routlege.
   Google Scholar
• OECD. 2009. Policy Responses to the Economic Crisis: Investing in Innovation for Long-term Growth. Paris: OECD. ( June). https://www.oecd.org/sti/42983414.pdf
   Google Scholar
• Paunov, C. 2012. “The Global Crisis and Firms’ Investments in Innovation.” Research Policy 41 (1): 24–35.10.1016/j.respol.2011.07.007
   Web of Science ®Google Scholar
• Peters, B. 2009. “Persistence of Innovation: Stylised Facts and Panel Data Evidence.” The Journal of Technology Transfer 34 (2): 226–243.10.1007/s10961-007-9072-9
   Web of Science ®Google Scholar
• Peters, B., B. Dachs, M. Dünser, M. Hud, C. Köhler, and C. Rammer. 2014. “Firm Growth, Innovation and the Business Cycle” [ZEW Competitiveness Report]. Mannheim, Baden-Württemberg. ftp://ftp.zew.de/pub/zew-docs/gutachten/CR2014_BackgroundStudy.pdf
   Google Scholar
• Pike, A., S. Dawley, and J. Tomaney. 2010. “Resilience, Adaptation and Adaptability.” Cambridge Journal of Regions, Economy and Society 3 (1): 59–70.10.1093/cjres/rsq001
   Web of Science ®Google Scholar
• Rama, R., and D. Ferguson. 2007. “Emerging Districts Facing Structural Reform: The Madrid Electronics District and the Reshaping of the Spanish Telecom Monopoly.” Environment and Planning A 39 (9): 2207–2231.10.1068/a38270
   Web of Science ®Google Scholar
• Rodríguez-Pose, A. 2013. “Do Institutions Matter for Regional Development?” Regional Studies 47: 1034–1047.10.1080/00343404.2012.748978
   Web of Science ®Google Scholar
• Sanz-Menéndez, L., and L. Cruz-Castro. 2005. “Explaining the Science and Technology Policies of Regional Governments.” Regional Studies 39 (7): 939–954.10.1080/00343400500289945
   Web of Science ®Google Scholar
• Suarez-Villa, L., and R. Rama. 1996. “Outsourcing, R&D and the Pattern of Intra-metropolitan Location: The Electronics Industries of Madrid.” Urban Studies 33 (7): 1155–1197.10.1080/00420989650011564
   Web of Science ®Google Scholar
• Tavassoli, S., and C. Karlsson. 2016. “The Role of Firms’ Location on Persistency of Various Types of Innovation.” ERSA Conference Paper. https://www-sre.wu.ac.at/ersa/ersaconfs/ersa16/Paper154_CharlieKarlsson.pdf.
   Google Scholar
• Teplykh, G. V. forthcoming. “Innovation and Productivity: The Shift During the 2008 Crisis.” Industry and Innovation. https://www.tandfonline.com/action/showCitFormats?doi=10.1080/13662716.2017.1286461.
   Google Scholar
• Wolfe, D. A., and M. S. Gertler. 2004. “Clusters from the Inside and Out: Local Dynamics and Global Linkages.” Urban Studies 41 (5–6): 1071–1093.10.1080/00420980410001675832
   Web of Science ®Google Scholar
• Zouaghi, F., and M. Sánchez. 2016. “Has the Global Financial Crisis Had Different Effects on Innovation Performance in the Agri-food Sector by Comparison to the Rest of the Economy?” Trends in Food Science & Technology 50: 230–242.10.1016/j.tifs.2016.01.014
   Web of Science ®Google Scholar
• Zúñiga-Vicente, J. Á., C. Alonso-Borrego, F. J. Forcadell, and J. I. Galán. 2014. “Assessing the Effect of Public Subsidies on Firm R&D Investment: A Survey.” Journal of Economic Surveys 28 (1): 36–67.10.1111/joes.2014.28.issue-1
   Web of Science ®Google Scholar