Entrepreneurship policy to support new innovative ventures: Is it effective?

Abstract

Using Swedish data, we investigate whether the effectiveness of an entrepreneurship policy programme can be traced over time among those firms it supports. The results are drawn from a longitudinal matched pair analysis. Hypotheses were tested every year for eight years. The main conclusions are: when bias is considered the public support programme has not generated measurable additionality and the programme has to some extent been able to select firms on a general level; however, among those selected, the scheme has not been able to identify potentially successful firms.

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