Why does the location of new firms differ according to the characteristics of the industry? Is there a relation between a technologically dense base of firms and the urban environment in which they appear? Does the autonomy of new firms when deciding their location differ according to the...

We study whether firms’ actual use of R&D subsidies and tax incentives is correlated with financing constraints -internal and external- and appropriability difficulties and investigate whether both tools are substitutes. We compare the use of both policies by SMEs and by large firms and find...