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

Author

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  • Richard Duhautois
  • Dominique Redor
  • Lionel Desiage

Abstract

?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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    Citations

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    Cited by:

    1. Caliendo, Marco & Tübbicke, Stefan, 2021. "Design and effectiveness of start-up subsidies: Evidence from a policy reform in Germany," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 333-340.
    2. 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.
    3. Caliendo, Marco & Tübbicke, Stefan, 2019. "Do Start-Up Subsidies for the Unemployed Affect Participants' Well-Being? A Rigorous Look at (Un-)Intended Consequences of Labor Market Policies," IZA Discussion Papers 12755, Institute of Labor Economics (IZA).
    4. 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.
    5. Pierre Möhnen, 2017. "Comment: Effectiveness of public support for R&D and entrepreneurship," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 493, pages 43-48.
    6. 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.
    7. Marco Caliendo & Stefan Tübbicke, 2020. "New evidence on long-term effects of start-up subsidies: matching estimates and their robustness," Empirical Economics, Springer, vol. 59(4), pages 1605-1631, October.
    8. Caliendo, Marco & Künn, Steffen & Weissenberger, Martin, 2020. "Catching up or lagging behind? The long-term business and innovation potential of subsidized start-ups out of unemployment," Research Policy, Elsevier, vol. 49(10).
    9. Sandra M. Sánchez‐Cañizares & L. Javier Cabeza‐Ramírez & M. Dolores Guerrero‐Baena, 2020. "Evaluation of self‐employment support policies using survival analysis. The discounted flat rate in Andalusia (Spain)," Papers in Regional Science, Wiley Blackwell, vol. 99(5), pages 1389-1411, October.
    10. Dominique Redor, 2017. "Do public subsidies have an impact on start-ups survival rates? An assessment for four cohorts of firms set up by previously unemployed entrepreneurs in France," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 493, pages 23-42.

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