International Journal of Public Sector Management 2/2013

Special issue: Public-private sector collaboration: International Symposium on Economic Development in South Eastern Europe (SEE)

Verlag: Emerald Insight

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The purpose of this paper is to examine conditions for and initial results of granting state aid for innovation clusters in the Republic of Serbia. There is a legal and institutional framework for granting state aid to innovation clusters in the Republic of Serbia. It is important because state aid distorts competition and may reduce economic growth if it is not controlled and moderate. Serbian state aid for innovation clusters is more than moderate so less than 1 per cent of Serbian businesses are joined within innovation clusters.