PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2019 | 6 | nr 53 | 108--131
Tytuł artykułu

Are Subsidies for Polish Enterprises Effective: Empirical Results Based on Panel Data

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The objective of this article was to identify and evaluate the effectiveness of subsidies used by companies, as well as to develop an approach to assess the effectiveness of subsidies for the manufacturing sector of Polish economy. In order to organise the results obtained by researchers dealing with the efficacy of subsidies, a meta-analysis, i.e. a quantitative assessment of empirical literature, was carried out. Based on the data from the financial statements of medium-sized and large Polish companies, published in Monitor Polski B (a former Official Journal of the Republic of Poland), an evaluation study was conducted to verify the research hypotheses. Based on the obtained results, it was found that the aid in the form of subsidies did not have a significant impact on the productivity of the subsidised companies, growth rate of assets or profitability. (original abstract)
Słowa kluczowe
Rocznik
Tom
6
Numer
Strony
108--131
Opis fizyczny
Twórcy
autor
  • Faculty of Economic Sciences University of Warsaw, Warsaw, Poland
  • Faculty of Economic Sciences University of Warsaw, Warsaw, Poland
Bibliografia
  • [1] Adorno, V., Bernini, C., & Pellegrini, G. (2007). The impact of capital subsidies: New estimations under continuous treatment. Giornale degli Economisti e Annali di Economia, 66(1), 67-92.
  • [2] Ankarhem, M., Daunfeldt, S.-O., Rudholm, N., & Quoreshi, S, (2009). Do regional investment grants improve firm performance? Evidence from Sweden. HUI Working Paper No 24, submitted to Finnish Economic Papers, 2009.
  • [3] Bergström, F. (2000). Capital subsidies and the performance of firms. Small Business Economics, 14(3), 183-193.
  • [4] Bernini, C., & Pellegrini, G. (2011). How are growth and productivity in private firms affected by public subsidy? Evidence from a regional policy. Regional Science and Urban Economics, 41(3), 253-265.
  • [5] Buigues, P., & Sekkat, K. (2009). Industrial Policy in Europe, Japan and the USA. Amounts Mechanisms and Effecitivness. UK: Palgrave Macmillan.
  • [6] Caliendo M., Hujer R. and Thomsen S. (2005). The Employment Effects of Job Creation Schemes in Germany: A Microeconometric Evaluation. IZA Discussion Papers from Institute of Labor Economics (IZA), 1512.
  • [7] Card, D., & Krueger, A. B. (1995). Time-series minimum-wage studies: A metaanalysis. American Economic Review, 85, 238-243.
  • [8] Cerqua, A., & Pellegrini, G. (2014). Do subsidies to private capital boost firms' growth? A multiple regression discontinuity design approach. Journal of Public Economics, 109, 114-126.
  • [9] Colombo, M. G., Croce, A., & Guerini, M. (2013). The effect of public subsidies on firm's investment-cash flow sensitivity: Transient or persistent? Research Policy, 42(9), 1605-1623.
  • [10] Criscuolo, C., Martin, R., Overman, H., & Van Reenan, J. (2012). The causal effects of an industrial policy. NBER Working Paper No. 17842.
  • [11] DeHaven, T. (2012). Corporate welfare in the federal budget. Policy Analysis, No.703.
  • [12] Doucouliagos, H., & Stanley, T. D. (2009). Publication selection bias in minimum-wage research? A meta-regression analysis. British Journal of Industrial Relation, 47(2), 406-428.
  • [13] Duch, N., Montolio, D., & Mediavilla, M. (2007). Evaluating the impact of public subsidies on firm's performance: A quasi-experimental approach. Document de treball 2007/3 IEB.
  • [14] Gabriele, R., Zamarian, M., & Zaninotto, E. (2006). Assessing the economic impact of public industrial policies: An empirical investigation on subsidies. ROCK Working Papers 039, Department of Computer and Management Sciences, University of Trento, Italy, revised 12 Jun 2008.
  • [15] Geruzel-Dudzińska, B. (2016). Finansowanie inwestycji w środki trwałe w sektorze małych i średnich przedsiębiorstw w Polsce', Contemporary Economy, 7(1), 71-80, Electronic Scientific Journal.
  • [16] Girma, S., Görg, H., & Strobl, E. (2007). The effect of government grants on plant level productivity. Economics Letters, 94, 439-444.
  • [17] Glass, G. V. (1976). Primary, secondary and metaanalysis of research. Educational Researcher, 10, 3-8.
  • [18] Harris, R., & Trainor, M. (2005). Capital subsidies and their impact on total factor productivity: Firmlevel evidence from Northern Ireland. Journal of Regional Science, 45(1), 49-74.
  • [19] Haley, U., & Haley, G. T. (2013). Subsidies to Chinese industry: State capitalism, business strategy, and trade policy. Oxford, England: Oxford University Press.
  • [20] Konarski, R., & Kotnarowski, M. (2007). Zastosowanie metody propensity score matching w ewaluacji ex-post. In A. Haber (Ed.), Ewaluacja ex-post Teoria i praktyka badawcza, Warszawa, Poland: PARP.
  • [21] Koski, H., & Pajarinen, M. (2013). Subsidies, the shadow of death and labour productivity. ETLA Working Papers, No.16.
  • [22] Lekki, M. (2013). Kto dostanie pieniądze z Unii w 2014 roku?, bankier.pl, 6 października 2013, Retrieved from http://www.bankier.pl/ wiadomosc/Kto-dostanie-pieniadze-z-Unii-w2014-roku-2954121.html [Access 20 May 2017].
  • [23] PARP (2009). Badanie efektów netto projektów wspierających wzrost konkurencyjności przedsiębiorstw.
  • [24] Roper, S., & Hewitt-Dundas, N. (1999). Grant assistance and small firm development in Northern Ireland and the Republic of Ireland. In 39th Congress of the European Regional Science Association: Regional Cohesion and Competitiveness in 21st Century Europe.
  • [25] Rosenbaum, P. R., & Rubin, D. B. (1983). The central role of the propensity score in observational studies for causal effects. Biometrika, 70, 41-183.
  • [26] Sissoko, A. (2013). R&D subsidies and firm-level productivity: Evidence from France. Institut de Recherches Economiques et Sociales (IRES) Discussion Paper 2011-2, Paris, France: IRES.
  • [27] Smith, J. A., & Todd, P. E. (2005). Does matching overcome Lalonde's critique of nonexperimental estimators? Journal of Econometrics, 125, 305-353.
  • [28] Strawiński, P. (2014). Propensity score matching. Warszawa, Poland: Własności małopróbkowe.
  • [29] Stanley, T. D. (2008). Meta-Regression Methods for Detecting and Estimating Empirical Effects in the Presence of Publication Selection Oxford Bulletin Of Economics And Statistics, 70, 1.
  • [30] Sudoł, S. (1999). Przedsiębiorstwo, Podstawy nauki o przedsiębiorstwie. Teorie i praktyka zarządzania, Towarzystwo.
  • [31] Trzciński, R. (2009). Wykorzystanie techniki propensity score matching w badaniach ewaluacyjnych. Warszawa, Poland: PARP.
  • [32] Tzelepis, D., & Skuras, D. (2004). The effects of regional capital subsidies on firm performance: An empirical study. Journal of Small Business and Enterprise Development, 11(1), 121-129.
  • [33] Tzelepis, D., & Skuras, D.(2005). Strategic performance measurement and the use of capital subsidies. International Journal of Productivity and Performance Management, 55(7), 527-538.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171603087

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.