Have a personal or library account? Click to login
Public Financial Support and Inbound Open Innovation in Developing Economies: Evidence from Moroccan Firms Cover

Public Financial Support and Inbound Open Innovation in Developing Economies: Evidence from Moroccan Firms

Open Access
|Sep 2025

References

  1. Acemoglu, D. (2002). Directed technical change. The review of economic studies, 69(4), 781-809. http://dx.doi.org/10.1111/1467-937X.00226
  2. Afcha Chàvez, S. M. (2011). Behavioural additionality in the context of regional innovation policy in Spain. Innovation: Management, Policy and Practice, 13(1), 95–110. https://doi.org/10.5172/impp.2011.13.1.95
  3. Ahn, J. M., Lee, W., & Mortara, L. (2020). Do government R&D subsidies stimulate collaboration initiatives in private firms?. Technological Forecasting and Social Change, 151, 119840. https://doi.org/10.1016/j.techfore.2019.119840
  4. Almus, M., & Czarnitzki, D. (2003). The Effects of Public R&D Subsidies on Firms’ Innovation A c -tivities: The Case of Eastern Germany. Journal of Business Economics Statistics, 21, 226-236. https://doi.org/10.1198/073500103288618918
  5. Angrist, J. D., Imbens, G. W., & Rubin, D. B. (1996). Identification of causal effects using instrumental variables. Journal of the American statistical Association, 91(434), 444-455. https://doi.org/10.1080/01621459.1996.10476902
  6. Antonelli, C. & Crespi, F. (2013). The “Matthew effect” in R&D public subsidies: The Italian evidence. Technological Forecasting and Social Change, 80(8), 1523-1534. https://doi.org/10.1016/j.techfore.2013.03.008
  7. Ardito, L., Natalicchio, A., Messeni Petruzzelli, A., & Garavelli, A. C. (2018). Organizing for continuous technology acquisition: The role of R&D geographic dispersion. R&D Management, 48(2), 165-176. https://doi.org/10.1111/radm.12270
  8. Arora, A., A. Fosfuri, and T.Roende. 2013. Managing Licensing in a Market for Technology. Management Science 59(5): 1092-1106. https://doi.org/10.1287/mnsc.1120.1628
  9. Awate, S., Larsen, M. M., & Mudambi, R. (2015). Accessing vs sourcing knowledge: A comparative study of R&D internationalization between emerging and advanced economy firms. Journal of International Business Studies, 46, 63-86. https://doi.org/10.1057/jibs.2014.46
  10. Bakracheva, M. (2025). Personality Predictors of Flourishing and Learning to Flourish. International Journal of Cognitive Research in Science, Engineering and Education (IJCRSEE), 13(1), 141–156. https://doi.org/10.23947/2334-8496-2025-13-1-141-156
  11. Barajas, A., Huergo, E., & Moreno, L. (2021). The role of public loans in financing business R&D through the economic cycle. Economia Politica, 38, 505-538. https://doi.org/10.1007/s40888-021-00225-9
  12. Bianchi, M., & Lejarraga, J. (2016). Learning to license technology: the role of experience and workforce’s skills in Spanish manufacturing firms. R&D Management, 46(S2), 691-705. https://doi.org/10.1111/radm.12211
  13. Bogers, M., Chesbrough, H., & Strand, R. (2020). Sustainable open innovation to address a grand challenge: Lessons from Carlsberg and the Green Fiber Bottle. British Food Journal, 122(5), 1505–1517. https://doi.org/10.1108/BFJ-07-2019-0534
  14. Cabaleiro-Cerviño, G., & Burcharth, A. (2020). Licensing agreements as signals of innovation: When do they impact market value?. Technovation, 98, 102175. https://doi.org/10.1016/j.technovation.2020.102175
  15. Cano-Kollmann, M., Hamilton III, R. D., & Mudambi, R. (2017). Public support for innovation and the openness of firms’ innovation activities. Industrial and Corporate Change, 26(3), 421-442. https://doi.org/10.1093/icc/dtw025
  16. Cassiman, B., & Veugelers, R. (2006). In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition. Management science, 52(1), 68-82. https://doi.org/10.1287/mnsc.1050.0470
  17. Crespi, G., Garone, L. F., Maffioli, A., & Melendez, M. (2015). Long-term productivity effects of public support to innovation in Colombia. Emerging markets finance and trade, 51(1), 48-64. https://doi.org/10.1080/1540496X.2015.998080
  18. Chesbrough, H. W. (2003). Open innovation: The new imperative for creating and profiting fromtechnology. Harvard Business School. https://www.sustanciainfinita.com/wp-content/uploads/2017/03/LIBRO-Henry-Chesbrough-Open-Innovation.pdf
  19. Chesbrough, H. W. (2006), Open business models: How to thrive in the new innovation landscape, Boston: Harvard Business Press. https://www.academia.edu/5008637/Chesbrough_H_Open_Business_Models
  20. Chesbrough, H. W., & Vanhaverbeke, W. (2018). Open innovation and Public Policy in the EU with Implications for SMEs. In Researching open innovation in SMEs, 455-492. https://doi.org/10.1142/9789813230972_0015
  21. Cohen, W. M., & Levinthal, D. A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative science quarterly, 35(1), 128-152. https://doi.org/10.2307/2393553
  22. Costa, J., & Moreira, A. C. (2022). Public policies, open innovation ecosystems and innovation p e rformance. Analysis of the impact of funding and regulations. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 210. https://doi.org/10.3390/joitmc8040210
  23. Dewan, R., Jing, B., & Seidmann, A. (2003). Product customization and price competition on the internet. Management Science, 49(8), 1055–1070. https://doi.org/10.1287/mnsc.49.8.1055.16401
  24. Dohse, D., Goel, R. K., & Nelson, M. A. (2019). What induces firms to license foreign technologies? International survey evidence. Managerial and Decision Economics, 40(7), 799-814. https://doi.org/10.1002/mde.3044
  25. Edquist, C., 2001. The systems of innovation approach and innovation policy: an account of the state of the art. In: Paper presented at the DRUID Conference, Aalborg, Denmark. https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=a7f9e570864ee75dd3bcca9ca86885190a0d5134
  26. Elhassan, T. (2025). Green technology innovation, green financing, and economic growth in G7 countries: Implications for environmental sustainability. Economics - innovative and economics research journal, 13(1), 69–91. https://doi.org/10.2478/eoik-2025-0023
  27. Elia, S., Munjal, S., & Scalera, V. G. (2020). Sourcing technological knowledge through foreign inward licensing to boost the performance of Indian firms: The contingent effects of internal R&D and business group affiliation. Management International Review, 60(5), 695-721. https://doi.org/10.1007/s11575-020-00419-6
  28. Felipe Berrutti & Carlos Bianchi (2019): Effects of public funding on firm innovation : trans forming or reinforcing a weak innovation pattern?, Economics of Innovation and NewTechnology. https://doi.org/10.1080/10438599.2019.1636452
  29. Greco, M., Grimaldi, M., & Cricelli, L. (2017). Hitting the nail on the head: Exploring the relationship between public subsidies and open innovation efficiency. Technological Forecasting and Social Change, 118, 213-225. https://doi.org/10.1016/j.techfore.2017.02.022
  30. Haddoud, M. Y., Kock, N., Onjewu, A. K. E., Jafari-Sadeghi, V., & Jones, P. (2023). Technology, i n -novation and SMEs’ export intensity: Evidence from Morocco. Technological Forecasting and Social Change, 191, 122475. https://doi.org/10.1016/j.techfore.2023.122475
  31. Heckman, J.J., Ichimura, H., Todd, P. : E (1997) : Matching as an econometric evaluation estimator : Evidence from evaluating a job training programme. Rev. Econ. Stud. 64(4), 605–654. https://doi.org/10.2307/2971735
  32. Heckman, J.J., Robb, R. (1985): Alternative methods for evaluating the impact of interventions: An overview. J. Econ. 30(2), 239–267. https://doi.org/10.1016/0304-4076(85)90139-3
  33. Hewitt-Dundas, N., & Roper, S. (2018). Exploring market failures in open innovation. Int. Small Bus. J. 36 (1), 23–40. https://doi.org/10.1177/0266242617696347
  34. Hirano, K., imbens, G. w., & ridder, G. (2003). efficient estimation of average treatment effects using the estimated propensity score. Econometrica, 71(4), 1161-1189. https://doi.org/10.1111/1468-0262.00442
  35. Imbens, G.W., Lemieux, T. (2008): Regression discontinuity designs: a guide to practice. J Econ 142(2), 615–635. https://doi.org/10.1016/j.jeconom.2007.05.001
  36. Imbens, G. W. and Wooldridge, J. M. (2009) ‘Recent Developments in the Econometrics of Program Evaluation’, Journal of Economic Literature, 47/1: 5–86. https://doi.org/10.1257/jel.47.1.5
  37. Jesus, G.M.K., Jugend, D., 2023. How can open innovation contribute to circular economy adoption? Insights from a literature review. Eur. J. Innov. Manag. 26 (1), 65–98. https://doi.org/10.1108/ejim-01-2021-0022
  38. Jugend, D., Fiorini, P. D. C., Armellini, F., & Ferrari, A. G. (2020). Public support for innovation : A systematic review of the literature and implications for open innovation. Technological Forecasting and Social Change, 156, 119985. https://doi.org/10.1016/j.techfore.2020.119985
  39. Kang, K.N., Park, H., 2012. Influence of government R&D support and inter-firm collaborations on innovation in Korean biotechnology SMEs. Technovation 32 (1), 68–78. https://doi.org/10.1016/j.technovation.2011.08.004
  40. Laursen, K., & Salter, A. (2006). Open for innovation: the role of openness in explaining innovation performance among UK manufacturing firms. Strategic management journal, 27(2), 131-150. https://doi.org/10.1002/smj.507
  41. Leckel, A., Veilleux, S., & Dana, L. P. (2020). Local Open Innovation: A means for public policy to increase collaboration for innovation in SMEs. Technological Forecasting and Social Change, 153, 119891. https://doi.org/10.1016/j.techfore.2019.119891
  42. Li-Ying, J., Wang, Y., Salomo, S., & Vanhaverbeke, W. (2013). Have Chinese firms learned from their prior technology in-licensing? An analysis based on patent citations. Scientometrics, 95, 183-195. https://doi.org/10.1007/s11192-012-0802-x
  43. Li-Ying, J., & Wang, Y. (2015). Find them home or abroad? The relative contribution of international technology in-licensing to “indigenous innovation” in China. Long Range Planning, 48(3), 123-134. https://www.sciencedirect.com/science/article/abs/pii/S0024630114000211
  44. Lopez, R. A. (2008). Foreign technology licensing, productivity, and spillovers. World Development, 36(4), 560-574. https://doi.org/10.1016/j.worlddev.2007.04.016
  45. Mardones, C., Zapata, A., (2019). Impact of public support on the innovation probability in Chilean firms. Econ. Innov. New Technol. 28 (6), 569–589. https://doi.org/10.1080/10438599.2018.1546548
  46. Mastilo, Z., Barić, F. & Puška, A. (2025). Challenges and Opportunities of Implementing Digital Payment Systems in Southeast European Countries. Journal of Central Banking Theory and Practice, 14(2), 5-28. https://doi.org/10.2478/jcbtp-2025-0011
  47. Mazzucato, M., & Robinson, D.K. (2018). Co-creating and directing innovation ecosystems? NASA’s changing approach to public-private partnerships in low-earth orbit. Technol. Forecast. Soc. Change 136, 166–177. https://doi.org/10.1016/j.techfore.2017.03.034
  48. Moreira, S., Klueter, T. M., & Tasselli, S. (2020). Competition, technology licensing-in, and innovation. Organization Science, 31(4), 1012-1036. https://doi.org/10.1287/orsc.2019.1337
  49. Ouakil, H., Lakhal, T., El Ouazzani, H., & Moustabchir, A. (2024). Understanding the Role of Income in Personal Happiness: A Comprehensive PSM Analysis in the United States. The Pakistan Development Review, 399-416. https://doi.org/10.30541/v63i3pp.399-416
  50. Perri, A., Scalera, V. G., & Mudambi, R. (2017). What are the most promising conduits for foreign knowledge inflows? Innovation networks in the Chinese pharmaceutical industry. Industrial and Corporate Change, 26(2), 333-355. https://doi.org/10.1093/icc/dtx004
  51. Radicic, D. (2019). Effectiveness of public procurement of innovation versus supply-side innovation measures in manufacturing and service sectors. Science and Public Policy, 46(5), 732-746. https://doi.org/10.1093/scipol/scz021
  52. Radicic, D., Pugh, G., & Douglas, D. (2020). Promoting cooperation in innovation ecosystems: e v i -dence from European traditional manufacturing SMEs. Small Business Economics, 54(1), 257-283. https://doi.org/10.1007/s11187-018-0088-3
  53. Rajapathirana, R. J., & Hui, Y. (2018). Relationship between innovation capability, innovation type, and firm performance. Journal of Innovation & Knowledge, 3(1), 44-55. https://doi.org/10.1016/j.jik.2017.06.002
  54. Ranga, M., & Etzkowitz, H. (2013). Triple helix systems: an analytical framework for innovation policy and practice in the knowledge society. Ind. High. Educ. 27 (4), 237–262. https://doi.org/10.5367/ihe.2013.0165
  55. Rizov, M., Vecchi, M., & Domenech, J. (2022). Going online: Forecasting the impact of websites on productivity and market structure. Technological Forecasting and Social Change,184, 121959. https://doi.org/10.1016/j.techfore.2022.121959
  56. Rosenbaum, P. R., & Rubin, D. B. (1983). The central role of the propensity score in observational studies for causal effects. Biometrika, 70(1), 41-55. https://doi.org/10.1093/biomet/70.1.41
  57. Rosário, C., Varum, C., & Botelho, A. (2022). Impact of public support for innovation on company performance: review and meta-analysis. Sustainability, 14(8), 4731. https://doi.org/10.3390/su14084731
  58. Rubin, D.B. (1974): Estimating causal efects of treatments in randomized and nonrandomized studies. J. Educ. Psychol. 66(5), 688. https://doi.org/10.1037/h0037350
  59. Sabando-Vera, D., Yonfa-Medranda, M., Montalván-Burbano, N., Albors-Garrigos, J., & Parrales-Guerrero, K. (2022). Worldwide research on open innovation in SMEs. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 20. https://doi.org/10.3390/joitmc8010020
  60. Schumpeter, J.A. (1934), The Theory of Economic Development, Harvard University Press, Cambridge, MA. https://doi.org/10.4324/9781003146766
  61. Teece, D. J. (1992). Competition, cooperation, and innovation: Organizational arrangements for regimes of rapid technological progress. Journal of economic behavior & organization, 18(1), 1-25. https://doi.org/10.1016/0167-2681(92)90050-L
  62. Topić – Pavković, B. (2024). Challenges to Global Monetary and Financial Stability. Collection of papers new economy 2(1), 31-45. https://doi.org/10.61432/CPNE0201031t
  63. Trifunović, I., Spalević, Žaklina, Zdravković, S., Dimić, G., Ilić, M., & Dubljanin, D. (2025). Behavioral Cultural Intelligence, Legal System, Cybersecurity and Cultural Heritage as Determinants of the Choice of Foreign Tourist Destinations. International Journal of Cognitive Research in Science, Engineering and Education (IJCRSEE), 13(1), 207–215. https://doi.org/10.23947/2334-8496-2025-13-1-207-215
  64. Tsai, K.-H. and Wang, J.-C. (2008) External technology acquisition and firm performance: A longitudinal study. Journal of Business Venturing, 23, 91-112. https://doi.org/10.1016/j.jbusvent.2005.07.002
  65. Tsai, K. H., & Wang, J. C. (2009). External technology sourcing and innovation performance in LMT sectors: An analysis based on the Taiwanese Technological Innovation Survey. Research Policy, 38(3), 518-526. https://doi.org/10.1016/j.respol.2008.10.007
  66. Wang, Y., & Li‐Ying, J. (2015). Licensing foreign technology and the moderating role of local R&D collaboration: Extending the relational view. Journal of Product Innovation Management, 32(6), 997-1013. https://doi.org/10.1111/jpim.12246
  67. WBES. 2020. World Bank Enterprise Surveys, www.enterprisesurveys.org
  68. Wooldridge, J.M., 2002. Econometric Analysis of Cross Section and Panel Data. MIT Press, Cambridge MA. https://doi.org/10.1007/s00712-003-0589-6
  69. Zaghdoud, O. (2025). Environmental Fiscal Policies and the Double Dividend Hypothesis: A Dynamic CGE-OLG Analysis in Tunisia. Economics - Innovative and economics research journal, 13(2), 25–53. https://doi.org/10.2478/eoik-2025-0029
  70. Zhang, W., & Xiaofeng, L. I. U. (2023). The impact of internet on innovation of manufacturing export enterprises: Internal mechanism and micro evidence. Journal of Innovation & Knowledge, 8(3), 100377. https://doi.org/10.1016/j.jik.2023.100377
DOI: https://doi.org/10.2478/eoik-2025-0064 | Journal eISSN: 2303-5013 | Journal ISSN: 2303-5005
Language: English
Page range: 241 - 260
Submitted on: Feb 12, 2025
Accepted on: Jun 14, 2025
Published on: Sep 2, 2025
Published by: Oikos Institut d.o.o.
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2025 Mohamed Hosni, Hicham Ouakil, Houda Lechheb, published by Oikos Institut d.o.o.
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.