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http://hdl.handle.net/10419/65758
  

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dc.contributor.authorForeman-Peck, Jamesen_US
dc.date.accessioned2012-05-07en_US
dc.date.accessioned2012-11-02T14:27:25Z-
dc.date.available2012-11-02T14:27:25Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/65758-
dc.description.abstractThis paper assesses UK innovation policy impact on a large, population weighted, sample of both service and manufacturing SMEs. By focussing on self-reported innovation the study achieves a wider coverage of the effects of SME innovation policy than possible with more traditional indicators. Propensity score matching indicates that SMEs receiving UK state support for innovation were more likely to innovate than unsupported comparable enterprises. Innovating enterprises are shown to have grown significantly faster over the years 2002-4 when other growth influences are appropriately controlled. Combining these two results and comparing the outlays on SME innovation policy with the estimated effects suggests that policy was efficient as well as effective. There is evidence that SME tax credits were expensive compared with earlier support instruments. But the overall high returns estimated suggest that, even in times of public spending cuts, persisting with SME innovation policy would be prudent.en_US
dc.language.isoengen_US
dc.publisherCardiff Univ, Cardiff Business School, Economics Section Cardiffen_US
dc.relation.ispartofseriesCardiff Economics Working Papers E2012/4en_US
dc.subject.jelL25en_US
dc.subject.jelR38en_US
dc.subject.ddc330en_US
dc.subject.keywordInnovationen_US
dc.subject.keywordState Aiden_US
dc.subject.keywordSMEen_US
dc.subject.keywordPolicy Evaluationen_US
dc.titleEffectiveness and efficiency of SME innovation policyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn715308378en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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