Ex-post evaluation of public funding programs on innovation in chilean firms

• Cristian Mardones ^[1]
  1. [1] Universidad de Concepción

     Universidad de Concepción

     Comuna de Concepción, Chile

     
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 66, Nº. 3, 2021
• Idioma: inglés
• DOI: 10.22201/fca.24488410e.2021.2683
• Títulos paralelos:
  • Evaluación ex-post de programas de financiamiento público sobre la innovación en firmas chilenas
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Este estudio utiliza datos de panel para investigar el impacto de diversos programas financiados por la Corporación de Fomento Productivo (CORFO). Los datos provienen de la 1ª, 2ª y 3ª ronda de la Encuesta Longitudinal de Empresas. Este estudio demuestra que cuando se controla por las características innovativas de las empresas desaparecen los efectos del programa INNOVA sobre la probabilidad de generar innovaciones en productos y/o servicios. Además, como estas características son observables en el proceso de selección de beneficiarios, CORFO podría estar ‘escogiendo ganadores’ que hubiesen desarrollado estas innovaciones independientemente del financiamiento público. También, se concluye que el programa FOGAPE modifica las fuentes de financiamiento de las firmas.

  • English

    This study uses panel data to investigate the impact of programs funded by Chilean economic development agency (CORFO). The data correspond to the 1st, 2nd, and 3rd waves of the Longitudinal Survey of Firms. This study demonstrates that the impact of INNOVA program on firm’s probability of generating innovation in products and/or services disappears when innovative characteristics are controled. Moreover, as these variables are observables in the selection process is possible that CORFO could be ‘picking winners’ that had developed these innovations independently of public funding.

    Furthermore, it is found that FOGAPE program changes the firms’ funding sources.

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