The effects of EU R&I funding on SME innovation and business performance in new EU member states: Firm-level evidence

Q3 Economics, Econometrics and Finance

Economic Annals Pub Date : 2021-01-01 DOI:10.2298/EKA2128007C

Nevenka Čučković, V. Vučković

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引用次数: 5

Abstract

SMEs are the most dynamic and vibrant part of the enterprise sector in terms of start-ups and new jobs, and a significant share of the EU?s total innovation activities take place within them. This paper uses the Community Innovation Survey (CIS) 2014 and eCORDA data to analyse whether SME participation in EU research and innovation (R&I) funding programmes has increased their innovation activities and business performance. To achieve this, we empirically test whether SMEs that received EU funds recorded an improvement in their innovation and economic performance. This is measured by research and development (R&D) expenditure, product innovation, turnover, and employment. The paper focusses particularly on new EU member countries and among them to those from Central and Eastern Europe (CEE). It explores the theoretical and methodological backgrounds that guided us in these analyses and performs treatment effect analysis at firm level, using CIS CDROM data that we received on request from Eurostat. The obtained results indicate that EU R&I funding is beneficial to the innovation activities of SME recipients, and to their overall business performance. It also assists new EU member states in the process of ?catching up? to the growth levels of more established EU economies.

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欧盟研发资助对欧盟新成员国中小企业创新和经营绩效的影响:企业层面的证据

中小企业是企业部门中最具活力和活力的部分，在初创企业和新就业机会方面，占欧盟的很大份额。所有的创新活动都在他们内部进行。本文使用社区创新调查(CIS) 2014和eCORDA数据来分析中小企业参与欧盟研究与创新(R&I)资助计划是否增加了他们的创新活动和商业绩效。为了实现这一目标，我们对获得欧盟资金的中小企业是否在创新和经济绩效方面有所改善进行了实证检验。这是通过研发(R&D)支出、产品创新、营业额和就业来衡量的。该文件特别关注欧盟新成员国，其中包括来自中欧和东欧的国家。它探讨了指导我们进行这些分析的理论和方法背景，并使用我们应欧盟统计局的要求收到的CIS CDROM数据，在公司层面进行了治疗效果分析。研究结果表明，欧盟r&d资助有利于中小企业的创新活动，有利于中小企业的整体经营绩效。它还帮助欧盟新成员国赶上欧盟的进程。更成熟的欧盟经济体的增长水平。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Annals Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.90

自引率

0.00%

发文量

审稿时长

18 weeks

期刊介绍： Economic Annals is an academic journal that has been published on a quarterly basis since 1955, initially under its Serbian name of Ekonomski anali (EconLit). Since 2006 it has been published exclusively in English. It is published by the Faculty of Economics, University of Belgrade, Serbia. The journal publishes research in all areas of economics. The Editorial Board welcomes contributions that explore economic issues in a comparative perspective with a focus on transition and emerging economies in Europe and around the world. The journal encourages the submission of original unpublished works, not under consideration by other journals or publications. All submitted papers undergo a double blind refereeing process. Authors are expected to follow standard publication procedures [Instructions to Authors], to recognise the values of the international academic community and to respect the journal’s Policy.