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Do Regional Investment Grants Improve Firm Performance? Evidence from Sweden

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Author Info
Ankarhem, Mattias (Ministry of Finance)
Daunfeldt, Sven-Olov (The Ratio Institute)
Quoreshi, Shahiduzzaman (The National Institute of Economic Research)
Rudholm, Niklas () (The Swedish Retail Institute and Dalarna University)

Additional information is available for the following registered author(s):

Abstract

The effect of Swedish regional investment grants during 1990-1999 on firm performance, in terms of returns on equity and number of employees, were studied using a propensity-score matching-method to control for sample selection. Firms that received grants did not perform better in terms of returns on equity when compared to matched firms in the control group. In most years, recipient firms also did not hire more employees. The results thus cast doubt on the use of regional investment grants as a general policy instrument to improve firm performance.

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File URL: http://www.ratio.se/pdf/wp/ma_sod_sq_nr_regionalinvestmentgrants.pdf
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Publisher Info
Paper provided by The Ratio Institute in its series Ratio Working Papers with number 137.

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Length: 19 pages
Date of creation: 09 Jun 2009
Date of revision:
Handle: RePEc:hhs:ratioi:0137

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Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Phone: 08-587 054 00
Fax: 08-587 054 05
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Web page: http://www.ratio.se/
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Related research
Keywords: Economic efficiency; propensity score matching; sample selection; logit regression; panel data;

Find related papers by JEL classification:
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
R58 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Regional Development Policy

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bergstrom, Fredrik, 2000. " Capital Subsidies and the Performance of Firms," Small Business Economics, Springer, vol. 14(3), pages 183-93, May. [Downloadable!] (restricted)
  2. Dimitris Skuras & Kostas Tsekouras & Efthalia Dimara & Dimitris Tzelepis, 2006. "The Effects of Regional Capital Subsidies on Productivity Growth: A Case Study of the Greek Food and Beverage Manufacturing Industry," Journal of Regional Science, Blackwell Publishing, vol. 46(2), pages 355-381. [Downloadable!] (restricted)
  3. Richard Harris & Mary Trainor, 2005. "Capital Subsidies and their Impact on Total Factor Productivity: Firm-Level Evidence from Northern Ireland," Journal of Regional Science, Blackwell Publishing, vol. 45(1), pages 49-74. [Downloadable!] (restricted)
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This page was last updated on 2009-11-18.

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