Do EU Funds boost productivity and employment?: Firm level analysis for Latvia
This paper investigates the effects of spending the European Regional Development Fund (ERDF) on productivity, employment and other performance indicators of Latvian firms. After controlling for the fact that more productive and larger firms are more likely to benefit from ERDF resources, we find th...
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| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2018
|
| Series: | OECD Economics Department Working Papers
no.1525 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | This paper investigates the effects of spending the European Regional Development Fund (ERDF) on productivity, employment and other performance indicators of Latvian firms. After controlling for the fact that more productive and larger firms are more likely to benefit from ERDF resources, we find that participation in projects co-financed by the ERDF increases firms' employment, turnover and capital stock per employee immediately, while it raises their productivity only three years after the launch of such projects. Furthermore, participants that were initially less productive, larger, less capital intensive and more financially leveraged enjoy larger productivity gains. Also, financing capital investment through the ERDF does not result in any productivity gains compared to the case when it is financed through private funding. However, it results in a larger increase in employment, which is possibly partly due to the firm's plan to increase employment being one of important criteria for selecting the ERDF beneficiaries. |
| Physical Description: | 1 Online-Ressource (38 Seiten) |
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| spelling | Benkovskis, Konstantins VerfasserIn aut Do EU Funds boost productivity and employment? Firm level analysis for Latvia Konstantins, Benkovskis, Olegs, Tkacevs and Naomitsu, Yashiro Paris OECD Publishing 2018 1 Online-Ressource (38 Seiten) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1525 This paper investigates the effects of spending the European Regional Development Fund (ERDF) on productivity, employment and other performance indicators of Latvian firms. After controlling for the fact that more productive and larger firms are more likely to benefit from ERDF resources, we find that participation in projects co-financed by the ERDF increases firms' employment, turnover and capital stock per employee immediately, while it raises their productivity only three years after the launch of such projects. Furthermore, participants that were initially less productive, larger, less capital intensive and more financially leveraged enjoy larger productivity gains. Also, financing capital investment through the ERDF does not result in any productivity gains compared to the case when it is financed through private funding. However, it results in a larger increase in employment, which is possibly partly due to the firm's plan to increase employment being one of important criteria for selecting the ERDF beneficiaries. Economics Latvia Tkacevs, Olegs MitwirkendeR ctb Yashiro, Naomitsu MitwirkendeR ctb |
| spellingShingle | Benkovskis, Konstantins Do EU Funds boost productivity and employment? Firm level analysis for Latvia Economics Latvia |
| title | Do EU Funds boost productivity and employment? Firm level analysis for Latvia |
| title_auth | Do EU Funds boost productivity and employment? Firm level analysis for Latvia |
| title_exact_search | Do EU Funds boost productivity and employment? Firm level analysis for Latvia |
| title_full | Do EU Funds boost productivity and employment? Firm level analysis for Latvia Konstantins, Benkovskis, Olegs, Tkacevs and Naomitsu, Yashiro |
| title_fullStr | Do EU Funds boost productivity and employment? Firm level analysis for Latvia Konstantins, Benkovskis, Olegs, Tkacevs and Naomitsu, Yashiro |
| title_full_unstemmed | Do EU Funds boost productivity and employment? Firm level analysis for Latvia Konstantins, Benkovskis, Olegs, Tkacevs and Naomitsu, Yashiro |
| title_short | Do EU Funds boost productivity and employment? |
| title_sort | do eu funds boost productivity and employment firm level analysis for latvia |
| title_sub | Firm level analysis for Latvia |
| topic | Economics Latvia |
| topic_facet | Economics Latvia |
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