Annex D. Brief description of included evaluation methods


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[87] Anyadike-Danes, M. and M. Hart (2018), “All grown up? The fate after 15 years of a quarter of a million UK firms born in 1998”, Journal of Evolutionary Economics, Vol. 28/1,

[18] Arráiz, I., F. Henríquez and R. Stucchi (2013), “Supplier development programs and firm performance: Evidence from Chile”, Small Business Economics, Vol. 41/1,

[30] Arvanitis, S., L. Donzé and N. Sydow (2010), “Impact of Swiss technology policy on firm innovation performance: An evaluation based on a matching approach”, Science and Public Policy, Vol. 37/1,

[25] Autio, E. and H. Rannikko (2016), “Retaining winners: Can policy boost high-growth entrepreneurship?”, Research Policy, Vol. 45/1,

[8] Banai, Á. et al. (2017), “Impact evaluation of EU subsidies for economic development on the Hungarian SME sector.”, MNB Working Papers 8.

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[63] Brachert, M., E. Dettmann and M. Titze (2019), “The regional effects of a place-based policy – Causal evidence from Germany”, Regional Science and Urban Economics, Vol. 79,

[47] Brachert, M., E. Dettmann and M. Titze (2018), Public Investment Subsidies and Firm Performance-Evidence from Germany,

[54] Broocks, A. and J. Van Biesebroeck (2017), “The impact of export promotion on export market entry”, Journal of International Economics, Vol. 107,

[16] Brown, J. and J. Earle (2017), “Finance and Growth at the Firm Level: Evidence from SBA Loans”, Journal of Finance, Vol. 72/3,

[21] Bruhn, M., D. Karlan and A. Schoar (2018), “The impact of consulting services on small and medium enterprises: Evidence from a randomized trial in Mexico”, Journal of Political Economy, Vol. 126/2,

[26] Bruhn, M. and D. McKenzie (2019), “Can Grants to Consortia Spur Innovation and Science-Industry Collaboration? Regression-Discontinuity Evidence from Poland”, World Bank Economic Review, Vol. 33/3,

[77] Buffart, M. et al. (2019), “Picking the Right Winners: Government Business Support Programs and Entrepreneurial Growth”, Academy of Management Proceedings, Vol. 2019/1,

[14] Burger, A. and M. Rojec (2018), “Impotence of Crisis-Motivated Subsidization of Firms: The Case of Slovenia”, Eastern European Economics, Vol. 56/2,

[62] Caliendo, M., S. Künn and M. Weissenberger (2020), “Catching up or lagging behind? The long-term business and innovation potential of subsidized start-ups out of unemployment”, Research Policy, Vol. 49/10,

[60] Caliendo, M., S. Künn and M. Weißenberger (2016), “Personality traits and the evaluation of start-up subsidies”, European Economic Review, Vol. 86,

[41] Caliendo, M. and S. Tübbicke (2020), “New evidence on long-term effects of start-up subsidies: matching estimates and their robustness”, Empirical Economics, Vol. 59/4,

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[46] Capelleras, J., I. Contín-Pilart and M. Larraza-Kintana (2011), “Publicly funded prestart support for new firms: Who demands it and how it affects their employment growth”, Environment and Planning C: Government and Policy, Vol. 29/5,

[9] Caselli, S. et al. (2019), “Public Credit Guarantee Schemes and SMEs’ Profitability: Evidence from Italy”, Journal of Small Business Management, Vol. 57/S2,

[50] Cerqua, A. and G. Pellegrini (2017), “Industrial policy evaluation in the presence of spillovers”, Small Business Economics, Vol. 49/3,

[49] Cerqua, A. and G. Pellegrini (2014), “Do subsidies to private capital boost firms’ growth? A multiple regression discontinuity design approach”, Journal of Public Economics, Vol. 109,

[4] Chandler, V. (2012), “The economic impact of the Canada small business financing program”, Small Business Economics, Vol. 39/1,

[68] Comi, S. and L. Resmini (2020), “Are export promotion programs effective in promoting the internalization of SMEs?”, Economia Politica, Vol. 37/2,

[15] Cowling, M. et al. (2018), “Loan guarantee schemes in the UK: the natural experiment of the enterprise finance guarantee and the 5 year rule”, Applied Economics, Vol. 50/20,

[75] Cowling, M., E. Ughetto and N. Lee (2018), “The innovation debt penalty: Cost of debt, loan default, and the effects of a public loan guarantee on high-tech firms”, Technological Forecasting and Social Change, Vol. 127,

[51] Criscuolo, C. et al. (2019), “Some causal effects of an industrial policy”, American Economic Review, Vol. 109/1,

[44] Cueto, B., M. Mayor and P. Suárez (2017), “Evaluation of the Spanish flat rate for young self-employed workers”, Small Business Economics, Vol. 49/4,

[17] Cumming, D. and E. Fischer (2012), “Publicly funded business advisory services and entrepreneurial outcomes”, Research Policy, Vol. 41/2,

[3] Decramer, S. and S. Vanormelingen (2016), “The effectiveness of investment subsidies: evidence from a regression discontinuity design”, Small Business Economics, Vol. 47/4,

[39] Duhautois, R., D. Redor and L. Desiage (2015), Long term effect of public subsidies on start-up survival and economic performance: An empirical study with french data,

[5] Dvouletý, O. and I. Blažková (2019), “Assessing the microeconomic effects of public subsidies on the performance of firms in the czech food processing industry: A counterfactual impact evaluation”, Agribusiness, Vol. 35/3,

[56] Dvouletý, O. and I. Blažková (2019), “The impact of public grants on firm-level productivity: Findings from the Czech food industry”, Sustainability (Switzerland), Vol. 11/2,

[6] Dvouletý, O., J. Čadil and K. Mirošník (2019), “Do Firms Supported by Credit Guarantee Schemes Report Better Financial Results 2 Years After the End of Intervention?”, B.E. Journal of Economic Analysis and Policy, Vol. 19/1,

[57] Dvouletý, O. et al. (2018), “Are publicly funded Czech incubators effective? The comparison of performance of supported and non-supported firms”, European Journal of Innovation Management, Vol. 21/4,

[58] Einiö, E. (2014), “R&D subsidies and company performance: Evidence from geographic variation in government funding based on the ERDF population-density rule”, Review of Economics and Statistics, Vol. 96/4,

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[37] Fairlie, R., D. Karlan and J. Zinman (2015), “Behind the GATE experiment: Evidence on effects of and rationales for subsidized entrepreneurship training”, American Economic Journal: Economic Policy, Vol. 7/2,

[36] Georgiadis, A. and C. Pitelis (2016), “The Impact of Employees’ and Managers’ Training on the Performance of Small- and Medium-Sized Enterprises: Evidence from a Randomized Natural Experiment in the UK Service Sector”, British Journal of Industrial Relations, Vol. 54/2,

[79] Gertler, P. et al. (2016), Impact Evaluation in Practice, Second Edition,

[23] Girma, S. et al. (2010), “The effect of grant receipt on start-up size: Evidence from plant level data”, Journal of International Entrepreneurship, Vol. 8/4,

[7] Hartšenko, J. and A. Sauga (2013), “The role of financial support in SME and economic development in Estonia”, Business and Economic Horizons, Vol. 9/2,

[82] Heckman, J. (1976), “The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models”, National Bureau of Economic Research.

[85] Hoffmann, A. and D. Storey (2017), “Can Governments Promote Gazelles? Evidence from Denmark”, in The SAGE Handbook of Small Business and Entrepreneurship,

[65] Johan, S. and P. Valenzuela (2021), “Business Advisory Services and Female Employment in an Extreme Institutional Context”, British Journal of Management, Vol. 32/4,

[1] Khandker, S., G. Koolwal and H. Samad (2010), Handbook on Impact Evaluation: Quantitative Methods and Practices.

[69] Kim, Y., I. Oh and J. Lee (2015), “Economic impact assessment of public-private matching fund programs using firm-level data”, Singapore Economic Review, Vol. 60/4,

[59] Koski, H. and M. Pajarinen (2013), “The role of business subsidies in job creation of start-ups, gazelles and incumbents”, Small Business Economics, Vol. 41/1,

[13] Lopez-Acevedo, G. and M. Tinajero (2010), “Mexico impact evaluation of SME programs using panel firm data”, World Bank Policy Research Working Paper Series.

[67] Lukeš, M., M. Longo and J. Zouhar (2019), “Do business incubators really enhance entrepreneurial growth? Evidence from a large sample of innovative Italian start-ups”, Technovation, Vol. 82-83,

[43] Mariani, M. et al. (2019), “The ambiguous effects of public assistance to youth and female start-ups between job creation and entrepreneurship enhancement”, Scienze Regionali, Vol. 18/2,

[64] Marshall, C. (2010), “Is the Tax Credit for SME in Chile an Effective Policy to Boost Investment”, CID Research Fellow and Graduate Student Working Paper Series.

[38] Martínez, A., E. Puentes and J. Ruiz-Tagle (2018), “The effects of micro-entrepreneurship programs on labor market performance: Experimental evidence from Chile”, American Economic Journal: Applied Economics, Vol. 10/2,

[74] Martín-García, R. and J. Morán Santor (2021), “Public guarantees: a countercyclical instrument for SME growth. Evidence from the Spanish Region of Madrid”, Small Business Economics, Vol. 56/1,

[22] Mole, K. et al. (2011), “Broader or deeper? exploring the most effective intervention profile for public small business support”, Environment and Planning A, Vol. 43/1,

[35] Nagel, H. et al. (2019), “The effect of a tax training program on tax compliance and business outcomes of starting entrepreneurs: Evidence from a field experiment”, Journal of Business Venturing, Vol. 34/2,

[12] Namiotko, V. et al. (2019), “The impact of investment support on labour productivity in Lithuanian family farms: A propensity score matching approach”, Economics and Sociology, Vol. 12/1,

[24] Navarro, L. (2018), “Entrepreneurship policy and firm performance Chile’s CORFO seed capital program”, Estudios de Economia, Vol. 45/2,

[72] Nemethova, V., M. Siranova and M. Sipikal (2019), “Public support for firms in lagging regions-evaluation of innovation subsidy in Slovakia”, Science and Public Policy, Vol. 46/2,

[42] Oberschachtsiek, D. (2015), “The outcome of coaching and training for self-employment. A statistical evaluation of outside assistance support programs for unemployed business founders in Germany”, Journal for Labour Market Research, Vol. 48/1,

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