Šipikal, Miroslav Evaluation of innovation support from EU funds in the manufacturing of wood and wood products in the Slovak republic / Miroslav Šipikal, Mária Širaňová, Valéria Némethová. -- Tab. -- Lit. - Innovation support is extensively implemented in world, with different kind of measures and activities on all levels. Most of them are related to high tech sectors, but relatively little attention is paid to the traditional sectors with lower added value. In this article we analyse effectiveness of EU cohesion policy and its impact on competitiveness of enterprises in the sector of manufacture of woods and products of woods in Slovakia over the period 2007 - 2013. We use standard Cobb - Douglas production function specification where subsidy is assumed to have an impact on labour productivity through change in total factor productivity and elasticity of labour productivity to total capital stock channel. Our results suggest that the subsidy did not have expected positive short - term effect in baseline specification, but once account ing for size of subsidy there is an evidence of short term improvement in labour productivity that, however, dissipates in the following year. Introducing non - linearities to specification, the optimal size of a subsidy is estimated to be lower than the av erage size of subsidy granted to treated firms.

In Acta Facultatis Xylologiae Zvolen : vedecký časopis Drevárskej fakulty. -- Zvolen : Technická univerzita vo Zvolene, 2017. -- ISSN 1336-3824. -- Roč. 59, č. 2 (2017), s. 167-180

I. Širaňová, Mária
II. Némethová, Valéria
III. Acta Facultatis Xylologiae Zvolen : vedecký časopis Drevárskej fakulty. -- Roč. 59, č. 2 (2017), s. 167-180

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