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Long Term Effect of Public Subsidies on Start-up Survival and Economic Performance: An Empirical Study with French Data


  • Richard Duhautois
  • Dominique Redor
  • Lionel Desiage


‪This paper studies the effect of a public program (ACCRE) which aims at supporting firms created by jobless people in France. ‪ The research follows a cohort of firms created in the first half of 1998 during an eight-year period. It uses a rich matched database which includes entrepreneurial characteristics and start-up economic variables. A propensity score matching method is used, and the analysis shows that: (i) subsidized firms have a higher survival rate than others after their second until their eighth year of existence, (ii) the program increases firm survival whatever its initial capital, and whatever its funding sources (bank loan, personal financial resources).

Suggested Citation

  • Richard Duhautois & Dominique Redor & Lionel Desiage, 2015. "Long Term Effect of Public Subsidies on Start-up Survival and Economic Performance: An Empirical Study with French Data," Revue d'économie industrielle, De Boeck Université, vol. 0(1), pages 11-41.
  • Handle: RePEc:cai:reidbu:rei_149_0011

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    Cited by:

    1. Caliendo, Marco & Künn, Steffen & Weißenberger, Martin, 2016. "Personality traits and the evaluation of start-up subsidies," European Economic Review, Elsevier, vol. 86(C), pages 87-108.
    2. Marco Caliendo & Jens Hogenacker & Steffen Künn & Frank Wießner, 2015. "Subsidized start-ups out of unemployment: a comparison to regular business start-ups," Small Business Economics, Springer, vol. 45(1), pages 165-190, June.
    3. Lutz Bellmann & Marco Caliendo & Stefan Tübbicke, 2018. "The Post‐Reform Effectiveness of the New German Start‐Up Subsidy for the Unemployed," LABOUR, CEIS, vol. 32(3), pages 293-319, September.
    4. repec:nse:ecosta:ecostat_2017_493_3 is not listed on IDEAS
    5. Caliendo, Marco & Tübbicke, Stefan, 2019. "New Evidence on Long-Term Effects of Start-Up Subsidies: Matching Estimates and Their Robustness," IZA Discussion Papers 12261, Institute of Labor Economics (IZA).
    6. repec:nse:ecosta:ecostat_2017_493_2 is not listed on IDEAS
    7. Anabela Santos & Paulo Neto & Maria Manuel Serrano, 2016. "A long-term mortality analysis of subsidized firms in rural areas: an empirical study in the Portuguese Alentejo region," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 6(1), pages 125-151, April.

    More about this item


    Firm Survival; Public Program; Matched Database;


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