Impacts of Innovation policies on expenditures with innovative activities of Brazilian small firms
DOI:
https://doi.org/10.1590/0101-416146360apmKeywords:
Impact evaluation, Innovation policy, Small firms, Propensity Score MatchingAbstract
This paper analyses, for the first time, the impact of the supporting programs concerning innovative activities in Brazilian small firms. Using the Propensity Score Matching technique with the PINTEC database (2010), we analyze the impacts of the tax incentives, grants, financing, RHAE and venture capital programs. The conclusion of the empirical study is that the innovation-oriented supporting programs, as a whole, accomplish the task of increasing the Brazilian small firms spending with innovative activities. Studying each program in particular, the conclusion is that the most effective ones are the general financing programs and the programs that support the purchase of machinery and equipments.
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