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dc.contributor.authorKarhunen, Hannu
dc.contributor.authorHuovari, Janne
dc.date.accessioned2016-01-27T09:42:50Z
dc.date.available2016-08-19T21:45:05Z
dc.date.issued2015
dc.identifier.citationKarhunen, H., & Huovari, J. (2015). R&D subsidies and productivity in SMEs. <i>Small Business Economics</i>, <i>45</i>(4), 805-823. <a href="https://doi.org/10.1007/s11187-015-9658-9" target="_blank">https://doi.org/10.1007/s11187-015-9658-9</a>
dc.identifier.otherCONVID_24843343
dc.identifier.otherTUTKAID_66889
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/48484
dc.description.abstractThis paper examines the effect of R&D subsidies on labour productivity. We use firm-level data on Finnish SMEs from 2000 to 2012 and apply a combined matching and difference-in-differences method to control for selection bias. We find no significant positive effect on labour productivity over the five-year period after a subsidy is granted. However, the results vary over time and indicate a 2–4 % negative effect on SMEs’ annual productivity growth one to 2 years after the subsidy year. Nevertheless, subsidies generate a positive employment effect and enhance firm survival. Additional scrutiny reveals that subsidies positively affect the human capital level of low-skill firms.
dc.language.isoeng
dc.publisherSpringer US
dc.relation.ispartofseriesSmall Business Economics
dc.subject.otherconditional difference-in-differences
dc.subject.otherresearch and development
dc.subject.otherSMEs
dc.subject.othersubsidies
dc.titleR&D subsidies and productivity in SMEs
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201601251273
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2016-01-25T13:15:02Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange805-823
dc.relation.issn0921-898X
dc.relation.numberinseries4
dc.relation.volume45
dc.type.versionacceptedVersion
dc.rights.copyright© Springer Science+Business Media New York 2015. This is a final draft version of an article whose final and definitive form has been published by Springer. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.subject.ysoelinkeinopolitiikka
dc.subject.ysotuottavuus
jyx.subject.urihttp://www.yso.fi/onto/yso/p3042
jyx.subject.urihttp://www.yso.fi/onto/yso/p4259
dc.relation.doi10.1007/s11187-015-9658-9


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