THE IMPACT OF SUBSIDIES ON FIRM SALES IN THE COMMONWEALTH OF INDEPENDENT STATES (CIS)
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Date
2018
Authors
Sapar, Aizhan
Journal Title
Journal ISSN
Volume Title
Publisher
Nazarbayev University School of Sciences and Humanities
Abstract
The aim of the following study is to investigate the impact of subsidies on firm sales
in Commonwealth of Independent States (CIS) countries. This study is based on the
fifth round of Business Environment and Enterprise Performance Survey (BEEPS) that
is implemented by the European Bank for Reconstruction and Development (EBRD) in
partnership with the World Bank. In order to account for the possibility that subsidy is
jointly determined with the dependent variable lsales through an equilibrium mechanism,
I use simultaneous equations model. According to the estimation results, receiving a
subsidy does not have a significant positive impact on firms’ sales in CIS countries and
Russian Federation. In addition, the results show that larger firms are more likely to
receive a subsidy.
Description
Keywords
Commonwealth of Independent States (CIS), SUBSIDIES
Citation
Sapar, Aizhan. (2018) THE IMPACT OF SUBSIDIES ON FIRM SALES IN THE COMMONWEALTH OF INDEPENDENT STATES (CIS). Nazarbayev University School of Humanities and Social Sciences