Effect of Spending on R&D on Technological Efficiency in Spanish Companies. Comparative Analysis during the Crisis Period of 2008-2012

Authors

  • Miriam Mate Lordén Universidad Complutense de Madrid
  • José Molero Universidad Complutense de Madrid

Keywords:

PITEC, technological innovation, R&D financing, efficiency

Abstract

This paper aims at analyzing the relationship between the internal R&D investments and technological results (patents) of Spanish companies, considering whether the investment source is public or private within a context of austerity policies and financial crisis. We used approximation with panel data procedures —1345 companies and five years (from 2008 to 2012)— from the PITEC database. The results show that the investment of public and private resources in internal R&D has a positive impact on the technological results (patents) of Spanish companies. This result greatly depends on the size of the companies and their capability for generating their own investment resources for internal R&D. As a result of this analysis, it is suggested that greater public support is needed to improve the endeavors of Spanish SMEs.

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Author Biographies

Miriam Mate Lordén, Universidad Complutense de Madrid

Doctora en economía y gestión de la innovación y política tecnológica, Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid, España.

José Molero, Universidad Complutense de Madrid

Catedrático de economía aplicada, Departamento de Economía Aplicada II e Instituto Complutense de Estudios Internacionales, Universidad Complutense de Madrid, España.

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Published

2020-06-25

How to Cite

Mate Lordén, M., & Molero, J. (2020). Effect of Spending on R&D on Technological Efficiency in Spanish Companies. Comparative Analysis during the Crisis Period of 2008-2012. Revista Iberoamericana De Ciencia, Tecnología Y Sociedad - CTS (Ibero-American Science, Technology and Society Journal), 15(44). Retrieved from https://ojs.revistacts.net/index.php/CTS/article/view/159

Issue

Vol. 15 No. 44 (2020)

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Articles

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