Cruz-Castro L., Holl A., Rama R. & Sanz-Menéndez L. (2018) Economic crisis and company R&D in Spain: do regional and policy factors matter? Industry and Innovation 25: 729-751 OPEN ACCESS PAPER
Abstract. The economic crisis which began in 2008 has had a far-reaching impact, including effects on the innovation behaviour of firms. Many companies have reduced their innovation-related activities, although some firms have been more resilient than others. Using a representative microdata panel of Spanish firms, we study the probability of companies abandoning in-house R&D during the crisis and its relationship to regional and policy factors.