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Do the Structural Funds in innovation influence the growth of companies? Analysis through the ERDF-Innterconecta programme in Andalusia differentiating by business size and role in the projects

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  • Sande Veiga, Diego

    (Universidade de Santiago de Compostela (USC))

Abstract

Do the Structural Funds in innovation influence the growth of companies? Analysis through the ERDF-Innterconecta programme in Andalusia differentiating by business size and role in the projects As a Convergence Objective Autonomous Community of the European Union, Andalusia was a beneficiary of the significant volume of European resources for regional innovation mobilised by the 2007-2013 Technological Fund and the 2014-2020 Smart Growth programme. The Andalusian productive fabric is mostly made up of Small and Medium-sized Enterprises (SMEs). For this reason, we evaluate the impact of the ERDF-Innterconecta programme financed through the previous operational programmes on the main indicators of business growth. The proposed analysis seeks to identify whether there has been an impact for Andalusian companies that have participated in the subsidised projects on three indicators (revenue, GVA, number of employees), further differentiating these companies by size, participation in innovation and role taken in the funded projects. This impact varies according to the characteristics of the companies, being more positive for Large Enterprises (LE), leaders of the projects and for those that had not previously registered research investments in the accountancy.

Suggested Citation

  • Sande Veiga, Diego, 2024. "Do the Structural Funds in innovation influence the growth of companies? Analysis through the ERDF-Innterconecta programme in Andalusia differentiating by business size and role in the projects," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 58, pages 5-29.
    • Handle: RePEc:ris:invreg:0526
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    More about this item

    Keywords

    Structural Funds; Regional Innovation Systems; business growth; Policy impact analysis; Large enterprises and SMEs;
    All these keywords.

    JEL classification:

    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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