R&D policy regimes in France: New evidence from a spatio-temporal analysis

Benjamin Montmartin (1) , Marcos Herrera (2, 3) , Nadine Massard (4, 5)

1 GREDEG - Groupe de Recherche en Droit, Economie et Gestion
2 UNSA - Universidad Nacional de Salta
3 CONICET - Consejo Nacional de Investigaciones Científicas y Técnicas [Buenos Aires]
4 UGA [2016-2019] - Université Grenoble Alpes [2016-2019]
5 GAEL - Laboratoire d'Economie Appliquée de Grenoble

Using a unique database containing information on the amount of R&D tax credits and regional, national and European subsidies received by firms in French NUTS3 regions over the period 2001-2011, we provide new evidence on the efficiency of R&D policies taking into account spatial dependency across regions. By estimating a spatial Durbin model with regimes and fixed effects, we show that in a context of yardstick competition between regions, national subsidies are the only instrument that displays total leverage effect. For other instruments internal and external effects balance each other resulting in insignificant total effects. Structural breaks corresponding to tax credit reforms are also revealed.

Mots clés: French policy mix; Additionality; spatial panel; structural breaks; R&D investment

Domaines: Economies et finances

Benjamin Montmartin, Marcos Herrera, Nadine Massard. R&D policy regimes in France: New evidence from a spatio-temporal analysis. 2017. ⟨hal-01559041⟩