Skip navigation
Logo
User training | Reference and search service

Library catalog

Retrievo
EDS
b-on
More
resources
Content aggregators
Please use this identifier to cite or link to this item:

acessibilidade

http://hdl.handle.net/10071/18795
acessibilidade
Title: The impact of EU-funded direct subsidies on several dimensions of firm performance in Portugal: 2008-2015
Authors: Mamede, R.
Pereira, H.
Keywords: Enterprise support mechanisms
EU Cohesion Policy
Counterfactual impact evaluation
Issue Date: Dec-2018
Publisher: DINÂMIA'CET - IUL
Series/Report no.: DINÂMIA'CET
Working Papers
Abstract: This paper assesses the impact of SI QREN – a set of enterprise support mechanisms that were in place in Portugal between 2007 and 2013 – on firm performance. For this purpose, we used an unprecedented set of firm-level information, gathered from different institutional sources. These data allowed to control for several determinants of performance that are usually ignored in similar studies, and to assess the impact of the policy in various dimensions of enterprise performance, including: investment, financial situation, human capital, innovation, internationalization, firm growth, competitiveness, eco-efficiency, job quality, intra-firm income distribution, and gender equality. In order to address the selection bias that is inherent to the policy under analysis we estimated the impacts using the bias corrected matching estimator put forward by Abadie and Imbens (2002, 2011), producing results based on both the Propensity-Score Matching and Malahanobis Distance Matching methods, for robustness purposes. Our results suggest that SI QREN accomplished its main policy goals, as they are identified in the theory of change of the policy. Generally speaking, the impacts of SI QREN remain positive and statistically significant in the mid-term, after the supported projects have been completed. We also find that SI QREN is less effective in inducing additional investment in firms that have easier access to external finance.
Peer reviewed: yes
URI: http://hdl.handle.net/10071/18795
Appears in Collections:DINÂMIA'CET-WP - Working papers com arbitragem científica

Files in This Item:
acessibilidade
File Description SizeFormat 
DINAMIA_WP_2018-08.pdf1.34 MBAdobe PDFView/Open


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Currículo DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.