nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2008‒11‒04
three papers chosen by
Arvi Kuura
Parnu College - Tartu University

  2. The Effect of R&D Subsidies on Private R&D: Evidence from Italian Manufacturing Data By Oliviero A. Carboni
  3. The Evaluation of Public Program Effect Using Regression Discontinuity Method : An introduction By Santarossa, Gino

  1. By: Maria João Sousa (Faculdade de Economia e Gestão, Universidade Católica Portuguesa (Porto)); Susana Costa e Silva (Faculdade de Economia e Gestão, Universidade Católica Portuguesa (Porto))
    Abstract: Internationalization has been widely studied throughout the years. Broadly, it has been predicted as irrevocable and having increasing impact on firm-related strategy. Within entry modes, consortium, has not received as much attention as others. Hence, it seems important to understand how this specific entry mode allows the entrance of firms in the international markets. This study intends to answer the question of “how” to internationalize, anticipating the consortium as the most feasible way for construction firms to enter certain markets. The reasons that determine its choice concern the specificness of the projects, markets and of the firm. In the first part of the study, we review the existent literature on consortia as an entry mode and as a tool of internationalization used by construction firms. Through this review we build a framework that reveals the motivations that lead to this choice. In the second part, we present the case study of Mota-Engil, as a potential source of valuable information which may contribute to the understanding of the phenomenon under study. This case study corroborates the motivations found to create consortia. The paper closes with its contributions, limitations and suggestions for future researches.
    Keywords: consortia, internationalization, cooperation, construction
    Date: 2008–10
  2. By: Oliviero A. Carboni
    Abstract: This paper uses a comprehensive firm level data set for the manufacturing sector in Italy to investigate the effect of government support on privately financed R&D expenditure. Estimates from a two-step equation model suggest that public assistance has a positive effect on private R&D investment. A non parametric matching procedure is also used to investigate the same effect. Here again the results suggest that the recipient firms achieve more private R&D than they would have without public support. The paper also examines whether public funding effects the financial sources available for R&D and finds that grants encourage credit financing for R&D. The effects on the use of internal sources are not conclusive.
    Keywords: Applied Econometrics, matching, public subsidies, R&D investment
    JEL: C24 L10 O30 O31 O38
    Date: 2008
  3. By: Santarossa, Gino
    Abstract: This note briefly describes regression discontinuity method which estimates program impact when participation is a function of a selection variable predetermined value (threshold). The program evaluation impact might be done in a 2-step way. First, one graphically analyses the relation between the dependent variable and the selection factor in order to get some information about the functional form and the nature of the discontinuity at the threshold. Next, an econometric analysis is formally done in order to estimate program impact.
    Keywords: regression discontinuity program evaluation impact econometric
    JEL: C01
    Date: 2008–10–10

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