Evaluating the impact of public subsidies on a firm's performance: A quasi-experimental approach
Contribuinte(s) |
Xarxa de Referència en Economia Aplicada (XREAP) |
---|---|
Data(s) |
2007
|
Resumo |
Many regional governments in developed countries design programs to improve the competitiveness of local firms. In this paper, we evaluate the effectiveness of public programs whose aim is to enhance the performance of firms located in Catalonia (Spain). We compare the performance of publicly subsidised companies (treated) with that of similar, but unsubsidised companies (non-treated). We use the Propensity Score Matching (PSM) methodology to construct a control group which, with respect to its observable characteristics, is as similar as possible to the treated group, and that allows us to identify firms which retain the same propensity to receive public subsidies. Once a valid comparison group has been established, we compare the respective performance of each firm. As a result, we find that recipient firms, on average, change their business practices, improve their performance, and increase their value added as a direct result of public subsidy programs. |
Formato |
34 p. 637223 bytes application/pdf |
Identificador | |
Idioma(s) |
eng |
Publicador |
Xarxa de Referència en Economia Aplicada (XREAP) |
Relação |
XREAP;2007-07 |
Direitos |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i la xarxa i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
Palavras-Chave | #Política pública #Avaluació #Empreses #Subvencions #Catalunya #33 - Economia #338 - Situació econòmica. Política econòmica. Gestió, control i planificació de l'economia. Producció. Serveis. Turisme. Preus |
Tipo |
info:eu-repo/semantics/workingPaper |