Abstract
In many OECD countries several public agencies are involved in granting some form of R&D subsidy to firms. Empirical work on the effects that subsidies have on firm behavior and performance has produced mixed evidence. We focus on the firm participation stage in R&D subsidy programs in order to study the extent of heterogeneity across agencies and across industries. We use a sample of Spanish manufacturing firms to analyze how some firm characteristics affect the likelihood of participating in R&D subsidy programs of regional and national level agencies. Results suggest that firms in the same industry face different hurdles to participate in different agencies' programs.
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