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  • 1 University of Economics in Prague, Czech Republic
  • | 2 University of Economics in Prague, Czech Republic
  • | 3 University of Economics in Prague, Czech Republic
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The attention and support that R&D receives from economists and politicians reflects its importance as a key element of competitiveness and growth in advanced economies. But the real effect of policy upon public support depends on the technological level and structure of the economy and on the ability of beneficiaries to use the support effectively. We should also ask whether the current measurement of R&D outcomes and their subsequent assessment actually reflects real-world situations. The paper presents results of a research focused on the effectiveness of R&D subsidies on the performance of private enterprises in the Czech Republic. We deliberately focus on financial data and compare beneficiaries with unsuccessful applicants using techniques of counterfactual analysis. Although supported actors exhibit higher values of certain variables like assets, personnel expenditures or value added, these cannot be claimed to be the result of R&D support. These findings suggest the very limited effectiveness of R&D support to private actors in the Czech Republic, at least in the short run.

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Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

  • Péter MARTON (Corvinus University, Budapest)
  • István KÓNYA (Corvinus University, Budapest)
  • László SAJTOS (The University of Auckland)
  • Gábor VIRÁG (University of Toronto)

Associate Editors:

  • Tamás BOKOR (Corvinus University, Budapest)
  • Sándor BOZÓKI (Corvinus University Budapest)
  • Bronwyn HOWELL (Victoria University of Wellington)
  • Hintea CALIN (Babeş-Bolyai University)
  • Christian EWERHART (University of Zürich)
  • Clemens PUPPE (Karlsruhe Institute of Technology)
  • Zsolt DARVAS (Bruegel)
  • Szabina FODOR (Corvinus University Budapest)
  • Sándor GALLAI (Corvinus University Budapest)
  • László GULÁCSI (Óbuda University)
  • Dóra GYŐRFFY (Corvinus University Budapest)
  • György HAJNAL (Corvinus University Budapest)
  • Krisztina KOLOS (Corvinus University Budapest)
  • Alexandra KÖVES (Corvinus University Budapest)
  • Lacina LUBOR (Mendel University in Brno)
  • Péter MEDVEGYEV (Corvinus University Budapest)
  • Miroslava RAJČÁNIOVÁ (Slovak University of Agriculture)
  • Ariel MITEV (Corvinus University Budapest)
  • Éva PERPÉK (Corvinus University Budapest)
  • Petrus H. POTGIETER (University of South Africa)
  • Sergei IZMALKOV (MIT Economics)
  • Anita SZŰCS (Corvinus University Budapest)
  • László TRAUTMANN (Corvinus University Budapest)
  • Trenton G. SMITH (University of Otago)
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  • Zoltán LŐRINCZI (Ministry of Human Capacities)

Society and Economy
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2020  
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2019  
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Society and Economy
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