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标题：FIRM-LEVEL EVIDENCE OF DEADWEIGHT LOSS OF INVESTMENT SUPPORT POLICIES: A CASE STUDY OF DAIRY FARMS IN SCHLESWIG-HOLSTEIN
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作者：Michalek, Jerzy ; Ciaian, Pavel ; Kancs, d'Artis 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2013
出版社：Food Distribution Research Society
摘要：The main objective of the present study is to estimate the extent to which the RDP investment support has a complementary or a substitutionary effect on farm investments. In order to answer this question, we attempt to quantify the potential deadweight loss by estimating the extent to which the RDP beneficiaries would have undertaken comparable investments also without the investment support. We find that the deadweight loss of the RDP is close to 100%, implying that firm investment would have been undertaken also without the support. These results suggest that capital market distortions are not significant in Schleswig- Holstein. Similarly, no evidence was found that, due to programme support, farms would have brought forward their investments planned originally in a later period, suggesting no evidence of inter-temporal substitution of investments. These results are new, as the deadweight loss and its conditionality have not been studied in the context of the RDP in Germany before.
关键词：Rural development policies;investment subsidy;crowding out;substitution effects;additionality;subsidy leverage;deadweight loss;propensity score matching