Investment grants and firms’ productivity_ how effective is a grant booster shot?
EEG Investiga12 Nov 2024

Investment grants and firms’ productivity_ how effective is a grant booster shot?

Alexandre, F., Chaves, M., & Portela, M. (2024). Investment grants and firms’ productivity: how effective is a grant booster shot? Small Business Economics, 1–41. doi: 10.1007/s11187-024-00955-7


Este artigo analisa o impacto de múltiplos subsídios de investimento na performance das empresas, com foco na produtividade. O estudo usa uma base de dados administrativa de empresas portuguesas que candidataram-se ao Fundo Europeu de Desenvolvimento Regional (FEDER) entre 2007 e 2018. Um padrão importante emerge: as empresas que recebem múltiplos subsídios representam uma parte significativa do FEDER total.

O estudo concluiu que, enquanto um único subsídio tem um impacto positivo na produtividade do trabalho das empresas, um segundo subsídio de investimento produz um efeito ainda mais forte. Este efeito "booster" é particularmente notável em micro e pequenas empresas. No entanto, nenhum efeito foi encontrado na produtividade total dos fatores para qualquer um dos subsídios.

O estudo utiliza uma estratégia de Regression Discontinuity Design (RDD) para avaliar o impacto dos subsídios.Esta metodologia permite isolar o efeito causal dos subsídios no desempenho das empresas. Os resultados sugerem que os subsídios de investimento podem ser uma ferramenta eficaz para promover o crescimento e a produtividade, especialmente para micro e pequenas empresas.

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