Affiliation:
1. 1 Associate Professor, University of Eastern Finland Joensuu
Abstract
Abstract
This study examines the effect of the subsidies given to firms through the Rural Development Programme (RDP) for Mainland Finland in Finland during the 2007–2013 period. In order to understand the impacts that this programme had, the study uses counterfactual modelling to analyse what forms of subsidies impact job creation in supported firms. The results showed that subsidies from the RDP had a positive impact on the development of subsidized firms and thus, the RDP was a key instrument for the renewal of the countryside and the promotion of rural viability in Finland.
Subject
Management, Monitoring, Policy and Law,Nature and Landscape Conservation,Geography, Planning and Development
Reference34 articles.
1. Adda, J. & Cooper, R. (2000). Balladurette and Juppette: A discrete analysis of scrapping subsidies. Journal of Political Economy 108(4), 778–806. DOI: 10.1086/316096.
2. 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.
3. Andersson, A., Höjgård, S. & Rabinowicz, E. (2017). Evaluation of results and adaptation of EU Rural Development Programmes. Land Use Policy 67, 298–314. DOI: 10.1016/j.landusepol.2017.05.002.
4. Austin, P. (2011). An introduction to propensity score methods for reducing the effect of confounding in observational studies. Multivariate Behavioral Research 46(3), 399–424. DOI: 10.1080/00273171.2011.568786.
5. 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. DOI: 10.1016/j.regsciurbeco.2011.01.005.