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R&D policy evaluation: the effects of R&D subsidies in Italy

机译：研发政策评估：意大利研发补贴的效果

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摘要

In a context of scarce resources, exacerbated by the economic crisis, financing investment and structural changes in slowly growing economies, such as Italy, is very challenging. It becomes fundamental to engage in evaluation exercises in order to understand what policies are working and for whom. The paper offers an evaluation exercise on the major instruments used to promote R&D and innovation activities of Italian firms. We concentrate in particular on the incentives provided by Law 46/82 (and revisions) and we look at the effects they have on firms expenditures on R&D and on new employment generation. Unlike previous studies, we consider the effects of such incentives also when other similar policies are at work. We also look at the effects for different subgroups of firms. Results suggest that a rethinking of the system of incentives would be appropriate to limit an inefficient overlapping of instruments. They also highlight that the additionality of R&D investment is verified for some categories of firms. Starting from these results, further and continuous research is needed on this subject, in order to build a robust set of evidence to inform the policy making process.
机译：在经济危机加剧的资源稀缺的情况下，为缓慢增长的经济体（例如意大利）的投资和结构变化融资非常具有挑战性。参与评估练习以了解哪些政策在起作用，谁为谁而工作变得至关重要。本文对用于促进意大利公司研发和创新活动的主要工具进行了评估。我们特别关注第46/82号法律（及其修订版）提供的激励措施，并研究它们对公司用于研发和创造新工作的支出的影响。与以前的研究不同，我们在其他类似政策在起作用时也会考虑此类激励措施的效果。我们还将研究不同子集团的影响。结果表明，对激励机制进行重新思考将适合于限制工具效率低下的重叠。他们还强调指出，某些类别的公司已验证了研发投资的额外性。从这些结果出发，需要对此主题进行进一步的持续研究，以建立可靠的证据集，为决策过程提供依据。

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