Overcoming the double hurdles to investing in technology |
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Authors: | Erol Taymaz Yeşim Üçdoğruk |
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Institution: | 1.Department of Economics,Middle East Technical University,Ankara,Turkey;2.Department of Economics,Dokuz Eylül University,Izmir,Turkey |
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Abstract: | Technological activities of small and medium-sized enterprises (SMEs) have received considerable attention from researchers
and policy makers since the mid-1980s. Small firms could nurture entrepreneurship and facilitate the creation and application
of new ideas. In spite of their potential in generating innovations, it is also observed that SMEs shy away from formal R&D
activities, and the firm size itself seems to be a barrier for R&D activities. SMEs operating in developing countries face
extra hurdles to investing in R&D. Given the massive share of SMEs, it becomes crucial to realize their developmental potential
in developing countries. In this paper, we study the drivers of R&D activities in SMEs in Turkish manufacturing industries
by using panel data at the establishment level for the 1993–2001 period. Our findings suggest that SMEs are less likely to
conduct R&D, but if they overcome the first obstacle of conducting R&D, they spend proportionally more on R&D than the LSEs
do. R&D intensity is higher in small than in large firms. Moreover, public R&D encourages firms to intensify their R&D efforts.
The impact of R&D support is stronger for small firms. |
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