Tesi etd-05132025-154347
Link copiato negli appunti
Tipo di tesi
Corso Ordinario Secondo Livello
Autore
SALMASO, FILIPPO
URN
etd-05132025-154347
Titolo
An Assessment of Productivity and Operating Subsidies among Portuguese Firms
Struttura
Classe Scienze Sociali
Corso di studi
SCIENZE ECONOMICHE E MANAGERIALI - SCIENZE ECONOMICHE E MANAGERIALI
Commissione
Tutor Prof. NUVOLARI, ALESSANDRO
Presidente Prof. MONETA, ALESSIO
Membro Dott.ssa FURLAN, MANUELA
Relatore Prof. MINA, ANDREA
Membro Prof. FAGIOLO, GIORGIO
Membro Prof. BELLE', NICOLA
Presidente Prof. MONETA, ALESSIO
Membro Dott.ssa FURLAN, MANUELA
Relatore Prof. MINA, ANDREA
Membro Prof. FAGIOLO, GIORGIO
Membro Prof. BELLE', NICOLA
Parole chiave
- firm dynamics
- Portugal
- productivity decomposition
- public policy
Data inizio appello
13/06/2025;
Disponibilità
parziale
Riassunto analitico
This work develops the idea of integrating a financial constraint classification into standard aggregate productivity decomposition models. The novelty of this approach resides in the advantage of a more granular picture of resource allocation processes to identify potential causes of inefficiency. We test this intuition on a comprehensive set of firm-level microdata on the Portuguese economy for the 2011-2019 period. The results indicate that the allocative effect of the market (i.e., a stronger between-effect and covariance) operates consistently among financially constrained firms, while a dif- ferent picture emerges for less constrained firms. One possible explanation, which we investigate in the final section of the thesis, concerns the role of operational subsidies. The findings highlight the possibility of a distortive effect of this type of public finan- cial support, questioning its use as a policy instrument.
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