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

Richard Duhautois, Dominique Redor () and Lionel Désiage

Revue d'économie industrielle, 2015, vol. n° 149, issue 1, 11-41

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).

Keywords: Firm Survival; Public Program; Matched Database (search for similar items in EconPapers)
Date: 2015
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