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Assessing the effect of the amount of financial aids to Piedmont firms using the generalized propensity score

机译：使用广义倾向得分评估经济援助金额对皮埃蒙特公司的影响

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摘要

Regional and national development policies play an important role to support local enterprises in Italy. The amount of financial aid may be a key feature for firms' employment policies. We study the impact on employment of the amount of financial aid attributed to enterprises located in Piedmont, a region in northern Italy, analysing small-sized firms and medium- or large-sized firms separately. We apply generalized propensity score methods under the unconfoundedness assumption that adjusting for differences in a set of observed pre-treatment variables removes all biases in comparisons by different amounts of financial aid. We find that the estimated effects are increasing with amount of financial aid for both small-sized and medium- or large-sized firms, whereas the marginal effects of additional incentives are decreasing with amount of financial aid for small-sized firms, and have an inverse J-shape for medium-or large-sized firms.
机译：区域和国家发展政策在支持意大利本地企业方面发挥着重要作用。财政援助的数量可能是企业就业政策的关键特征。我们分别分析了小型企业和中型或大型企业对位于意大利北部地区皮埃蒙特的企业的财务援助金额对就业的影响。我们在不混淆的假设下应用广义倾向评分方法，即调整一组观察到的预处理变量之间的差异可以消除比较中通过不同数量的财政援助产生的所有偏差。我们发现，对于小型和中型或大型公司，估计的影响都随着财政援助的增加而增加，而对于小型公司而言，额外激励措施的边际影响随着财政援助的增加而减少，并且具有中型或大型公司的J型倒数。

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