Keywords
industrial policies
economic evaluation
How to Cite
Accepted 2020-09-14
Published 2021-02-20
Abstract
The article aims to analyze and evaluate public financial resources for applied scientific research and innovation provided to small umbrian manufacturing companies over the course of more than a decade (from 2007 to 2018). The evaluation of these policies is particularly important in the context of a territorial context characterized by a proliferation of small businesses, often operating within subcontracting chains on behalf of medium-large exogenous companies.
The methodology used is counter-factual model - using a statistical control sample made up of non-beneficiary companies - and the performance variables used refer to turnover, invested capital, employment and profitability. The conclusions show that these public financial resources have had a positive effect, in particular on turnover and employees, and to a much lesser extent on investments and profitability.
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