Presentation on theme: "2011 Example from enterprise support in Poland Rafał Trzciński Impact Evaluation Seminar Warsaw, 12.12.2011."— Presentation transcript:
2011 Example from enterprise support in Poland Rafał Trzciński Impact Evaluation Seminar Warsaw,
Purpose of the evaluation Estimation of the impact of grants on growth of SMEs in Poland. Measure covered by the study:Improvement of competitiveness of SMEs through investments (Measure 2.3) implemented within Sectoral Operational Programme Improvement of the Competitiveness of Enterprises, years (SOP-ICE). Measure 2.3 was aimed at improvement of competitiveness of Polish SMEs through modernisation of their product offer and their technology base. Average value of the subsidy amounted to PLN 532 thousand.
Impact evaluation problem ? Factor x 1 Factor x 2 Problem: low competitiveness of enterprises SOP-ICE Effects SELECTION BIAS
The approach Counterfactual framework -> Q: what would have happened in the absence of the intervention? Quasi-experimental approach was chosen. Control group was selected from unsuccessful applicants. Method used to reduce the selection bias: Propensity Score Matching.
Data sets used in the evaluation PARP data sets (databases of all applicants, with employment +9); 19 covariates were controlled, such as: age, revenues, size, legal form, assets, the use of other subsidies, etc. Central Statistical Office data sets (Report on revenues, costs and financial results and the cost of fixed assets); 31 outcome variables were estimated, such as: net revenues from sales, employment, expenditures, profits, etc.
Selection bias Variable Treated (mean value) Untreated (mean value) Control group (mean value) The standardized difference in percent (before matching) The standardized difference in percent (after matching) Age of the company 10,3110,4110,13-1,122,28 Revenues (in total) 50409, , ,93-4,74-2,35 Revenue growth before the programe (comparing 2 periods) 0,720,590,7326,72-2,35 Assets (in toatal) 32676, , ,08-2,780,15 Assets growth before the programe (comparing 2 periods) 0,700,600,7020,12-0,35 Value of deminimis 13802,679826, ,885,222,90 Total employment 70,3444,7771,1547,44-1,50 Employment growth before the programme 0,660,570,6618,88-0,46 Difference in employment 7,294,207,7317,62-2,49 Percentage of women 0,270,330,27-25,820,98 Number of contracts signed in Phare 1,150,451,0653,956,87 Value of signed contracts in Phare 15502,535301, ,8846,737,18 Application in SOP-ICE Measure 2.1 0,060,020,0621,452,77 Contract in SOP-ICE Measure 2.1 0,040,010,0320,242,60 Contract in SOP-HRD Measure 2.3 0,080,040,0915,92-2,28 Credit 0,700,530,6834,684,86 Project area …………… Region …………… Legal form …………… PKD code ……………
Date of measurement
Employment and wages costs Impact: +14 FTEsImpact: +PLN 511thousand
Net revenues from sales Impact: +PLN thousand
Operating expenses Impact: +PLN thousand
Losses – scale of the phenomenon Impact: +3,3%Impact: zero
Value of purchases in total imports Impact: +PLN thousand
Structure of imports Impact: +PLN thousandImpact: -PLN 109 thousand
Current ratio Impact: -0,07
Main positive impacts: Employment and wages. Export and import (production activity). Profits. Expenditures on tangible fixed assets in use (machinery and technical equipment). Main negative impacts, or no impact: Productivity of the enterprises. Losses and their amount. Liquidity of the enterprises. Summary
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Thank you for your attention! Polish Agency for Enterprise Development 81/83 Pańska Street Warsaw, Poland Tel + 48 (22) Fax + 48 (22) (22) Infoline: + 48 (22) /92/93