Evaluating the impact of public start-up assistance: results from an econometric approach

Matthias Almus

No 01-23, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This paper analyzes the medium-term growth performance of firms that exclusively received start-up assistance from programs administered by the Deutsche Ausgleichsbank (DtA), a state owned bank, within two years after startup. I apply a parametric selection approach that controls for two potential sources of self selection (receipt of assistance, complete interview data). The empirical analysis shows that firms receiving assistance perform better in terms of employment growth over a six year period.

Keywords: New Firms; Employment Growth; Evaluation; Selection Bias; Bivariate and Simultaneous Probit (search for similar items in EconPapers)
JEL-codes: C35 D92 L21 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:5378

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