Naslov
Assessing the short-term impact of rural development grants in Croatia using a quazi-experimental approach

Autori
Škrinjarić, Bruno ; Juračak, Josip ; Kukoč Marin

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Book of Abstracts Zbornik sažetaka / Carović-Stanko, Klaudija ; Širić, Ivan - Zagreb : Agronomski fakultet Sveučilišta u Zagrebu, 2023, 60-60

Skup
8 Croatian 18 International Symposium on Agriculture

Mjesto i datum
Dubrovnik, Hrvatska, 11.02.2023. - 17.02.2023

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Croatia, rural development, propensity score matching, difference-in-difference, counterfactual evaluation

Sažetak
The objective of this research was to assess the impact of grants awarded under Operation 4.1.1 of the “Rural Development Program of the Republic of Croatia for the period 2014-2020” on the business indicators of the beneficiaries. A combination of Propensity Score Matching (PSM) and the Differencein- Difference methods (DID) was used to estimate the average treatment effect on the treated (ATET). The analysis included data for 87 firms receiving grants (treated firms) and 12, 804 other firms in the same sector (control group). We used 18 business indicators for each firm as covariates, and 13 as output variables. The analysis covered the period 2018-2021, so the short-term ATET was determined. Grant receipt was found to have a positive effect on employment at recipients throughout the period (pt+1 < 0.1 ; pt+2 < 0.05 ; pt+3 < 0.01). A short-term positive effect was found on the debt ratio (pt+1 < 0.1 ; pt+2 < 0.01), and a less significant increase in average wage was recorded only in year t+1. For other indicators, the effect of treatment was not significant, i.e., the values were not significantly different from those of firms without support. We find similar results in the studies of other authors who evaluated the impact of grants from the EU rural development programs in the short term. The conducted research shows the usefulness of using a counterfactual approach to evaluate the impact of public subsidies in agriculture, provided that the necessary data are available. The results obtained indicate a modest ATET, which could be a consequence of the narrow time span in this analysis. In any case, based on the analysis conducted, we recommend repeating this analysis with a longer time span, and introduction of regular assessments of public programs impact in Croatia using quasiexperimental methods.

Izvorni jezik
Engleski

Znanstvena područja
Poljoprivreda (agronomija), Ekonomija

Napomena
Rad je temeljen na istraživanju koje je financirano
sredstvima "Europskog poljoprivrednog fonda za ruralni
razvoj" putem aktivnosti "Nacionalne ruralne mreže".

POVEZANOST RADA