Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/13020

Evaluating the impact of public subsidies on a firm's performance: A quasi-experimental approach
Duch Brown, Néstor; Montolio Estivill, Daniel; Mediavilla, Mauro
Xarxa de Referència en Economia Aplicada (XREAP)
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.
2007
33 - Economia
338 - Situació econòmica. Política econòmica. Gestió, control i planificació de l'economia. Producció. Serveis. Turisme. Preus
Política pública
Avaluació
Empreses
Subvencions
Catalunya
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34 p.
Documento de trabajo
Xarxa de Referència en Economia Aplicada (XREAP)
Reproducció digital del document publicat en format paper
XREAP;2007-07
         

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