Productivity effects of CAP investment support: Evidence from Sweden using matched panel data

Nilsson, Pia

doi:10.1016/j.landusepol.2017.04.043

Cited by 41 publications

(56 citation statements)

References 47 publications

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“…In our study, the supported companies manifested a statistically significant increase in value added per labour cost. Generally, the results in this context are inconsistent—while Špička et al (), Nilsson (), and Michalek () also found a positive impact of investment support on labour productivity, this has not been proven by Čadil et al ().…”

Section: Resultsmentioning

confidence: 88%

“…Therefore, it is to be expected that investment subsidisation is positively correlated with the growth of value added, as shown, for example, in the study conducted by Bergström () on the firm‐level data of manufacturing firms in Sweden. For our analysis, we used the relative indicator, that is, Value Added per Labour Cost , reflecting the firms’ efficiency regarding labour, as used, for example, by Čadil et al (), Špička et al (), Nilsson (), and Michalek (). In our study, the supported companies manifested a statistically significant increase in value added per labour cost.…”

Section: Resultsmentioning

confidence: 99%

“…Regarding the focus of the studies, most of them evaluate the impact of the support on the economic development of the supported actors (measured by financial performance and/or employment), such as Schmitt et al (), Michalek (), Pufahl and Weiss (), Salvioni and Sciulli (), Petrick and Zier (), Medonos, Ratinger, Hruška, and Špička (), Kirchweger and Kantelhardt (), Ratinger, Medonos, and Hruška (), and Mezera, Vilhelm, and Špička (). However, some of them are concerned with the impact on innovation activity, such as Czarnitzki and Lopes Bento () and Nilsson (). Although it is generally assumed that public support should promote the performance and competitiveness of supported subjects, empirical research does not always provide consistent findings on this issue, as seen in Table .…”

Section: Empirical Evidence Of the Effects Of Eu Agricultural Supportmentioning

confidence: 99%

“…Although it is generally assumed that public support should promote the performance and competitiveness of supported subjects, empirical research does not always provide consistent findings on this issue, as seen in Table . When looking at the productivity indicators (often used to assess performance and growth), negative impact of EU support is reported by Michalek () and Pufahl and Weiss (), while Schmidt et al (2004), Medonos et al (), Ratinger et al (), Mezera et al (), and Nilsson () observed positive effects. Also, the impact on employment is ambiguous—Schmidt et al (2004) found a reduction in the unemployment rate and the number of long‐term unemployed in the supported rural area as a consequence of the support.…”

Section: Empirical Evidence Of the Effects Of Eu Agricultural Supportmentioning

confidence: 99%

See 3 more Smart Citations

Assessing the microeconomic effects of public subsidies on the performance of firms in the czech food processing industry: A counterfactual impact evaluation

Dvouletý

Blažková

2018

Agribusiness

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The effects of European innovation and cohesion policies are very uneven throughout both regions and industries. Moreover, there are often only descriptive impact assessments of individual programmes available. In our study, we respond to this issue through the empirical analysis of the effects of the EU public policy on the example of the Czech food processing industry. We assess the impact of the Opera-Agribusiness. 2019;35:394-422. wileyonlinelibrary.com/journal/agr 394 |

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Section: Resultsmentioning

confidence: 88%

Section: Resultsmentioning

confidence: 99%

Section: Empirical Evidence Of the Effects Of Eu Agricultural Supportmentioning

confidence: 99%

Section: Empirical Evidence Of the Effects Of Eu Agricultural Supportmentioning

confidence: 99%

See 2 more Smart Citations

Assessing the microeconomic effects of public subsidies on the performance of firms in the czech food processing industry: A counterfactual impact evaluation

Dvouletý

Blažková

2018

Agribusiness

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“…Evaluating the impact of R&D support on indicators like value added, labor productivity or ROA seems to be vital for proper R&D policy evaluation in the future. Upcoming research might also be extended to deal with other R&D policy outputs like total factor productivity (similarly to Nillson [66]) or to take the spatial specifics into account (Kveton and Horák [67]). Moreover, it would also be worthwhile to make a similar analysis with a longer time horizon in upcoming years.…”

Section: Discussionmentioning

confidence: 99%

Public Support of Private R&D–Effects on Economic Sustainability

et al. 2018

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A substantial part of contemporary R&D policy in developed countries is focused on the support of R&D in the private sector. Such intervention is theoretically justified by a higher propensity to innovation and consequently to higher competitiveness, which promotes sustainable economic growth. Most of the empirical research done so far focuses mainly on the leverage effect, the effect on innovation activity or on estimating the crowding out effect of public support. Although the outcomes of this research are quite contradictory, only a few studies focus on the effect of public support of private R&D on the private bodies’ performance indicators, which are naturally connected with a company’s economic sustainability. In this article we use counterfactual design and show that the R&D policy of supporting the private sector leads to higher innovation activity, but it does not lead to higher value added and productivity for supported subjects, at least in the short run. Such a finding suggests a possible flaw in R&D policy implementation—it is questionable if higher innovation activity is truly effective if it is not followed by a positive effect on production (value added) and productivity, and if it does not have a positive effect on competitiveness or lead to sustainable economic growth.

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Agribusiness diversification and technological innovation efficiency: A U‐shaped relationship

Zhang

Sun

et al. 2022

Agribusiness

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In recent years, agribusiness firms have increasingly diversified their product portfolio and expanded into new business areas through internal growth or acquisition, which can lead to the reallocation of innovation resources. This study examines the impact of agribusiness diversification (AD) on technological innovation efficiency (TIE) in China. Based on an 8‐year longitudinal dataset of 101 Chinese listed agribusiness firms from 2012 to 2019, this study applies the Tobit regression technique to reveal the underlying mechanism between AD and TIE. The empirical results show that: (1) the AD‐TIE relationship follows a U‐shaped pattern, that is, at low levels of AD, the AD‐TIE relationship is negative; at high levels of AD, the AD‐TIE relationship is positive. (2) government subsidies (GS) negatively moderate the U‐shaped relationship between AD and TIE, such that GS flattens the U‐shaped curve. Our findings have important implications for agribusiness managers and public policymakers. [EconLit citations: H25, L25, Q16].

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Productivity effects of CAP investment support: Evidence from Sweden using matched panel data

Cited by 41 publications

References 47 publications

Assessing the microeconomic effects of public subsidies on the performance of firms in the czech food processing industry: A counterfactual impact evaluation

Assessing the microeconomic effects of public subsidies on the performance of firms in the czech food processing industry: A counterfactual impact evaluation

Public Support of Private R&D–Effects on Economic Sustainability

Agribusiness diversification and technological innovation efficiency: A U‐shaped relationship

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