Participation in South Australian Innovation and Investment Funds: Impact on firm performance

Bilal Rafi

Research Paper 1/2017 |

This research paper assesses the impact of participation in the South Australian Innovation and Investment Funds (IIFs) on firm performance. Analysis of these impacts had not been possible until recently given limitations in data. This limitation is overcome via linking Departmental programme data to the Business Longitudinal Analysis Data Environment (BLADE), resulting in a longitudinal dataset that allows a counterfactual to be established. Via the use of a matching estimator this paper determines that the South Australian IIFs had a positive additional impact on aspects of firm performance. However, the results suggest that the benefits arising from additionality are modest.

JEL Codes: H43, L16, L25

Keywords: Structural change, impact analysis, regional assistance, firm performance

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