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Dynamic complementarities in the policy instrument mix for innovation: a firm-level evaluation using panel data

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Show simple item record Mulligan, Kevin Lenihan, Helena Doran, Justin 2017-07-26T08:35:58Z 2017-07-26T08:35:58Z 2017
dc.description n/a en_US
dc.description.abstract Achieving policy goals often depends crucially on the interactions and interdependencies between different science and innovation policy instruments within a broad policy mix. This paper examines the complex and dynamic impacts of the policy mix of science and innovation policy instruments available to firms in Ireland. Combining the Annual Business Survey of Economic Impact (ABSEI) with administrative data from Enterprise Ireland (EI), IDA Ireland (IDA), and Science Foundation Ireland (SFI), we apply a formal test for the presence of complementarities in the joint use R&D tax credits and direct EI or IDA innovation subsidies or SFI collaborations at the firm-level. In static terms we find no evidence of complementarity, but in dynamic terms we find strong evidence that adding EI or IDA subsidies or SFI collaborations to firms already receiving R&D tax credits promotes complementarity. Adding R&D tax credits to firms already receiving EI or IDA subsidies has no effect. Interaction effects between SFI collaborations and R&D tax credits differ significantly to interaction effects between EI or IDA subsidies and R&D tax credits. These findings highlight the importance of taking a policy mix approach to impact evaluation, which distinguishes between different kinds of policy instrument interaction and highlights the potential for complementarities and tensions within these interactions. en_US
dc.language.iso eng en_US
dc.publisher Department of Jobs, Enterprise & Innovation en_US
dc.relation.ispartofseries Department of Jobs, Enterprise & Innovation (invited seminar);
dc.subject policy mix en_US
dc.subject instrument mix en_US
dc.subject policy evaluation en_US
dc.subject impact evaluation en_US
dc.subject firm-level innovation en_US
dc.subject temporal consistency en_US
dc.subject dynamic complementarity en_US
dc.subject additionality en_US
dc.subject R&D tax credit en_US
dc.title Dynamic complementarities in the policy instrument mix for innovation: a firm-level evaluation using panel data en_US
dc.type info:eu-repo/semantics/workingPaper en_US
dc.type.supercollection all_ul_research en_US
dc.contributor.sponsor SFI en_US
dc.contributor.sponsor IRC en_US
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US

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