A Note on the Impact of Public Financing for Recycling Firms on Output

재활용산업에 대한 공공융자지원사업 효과분석에 관한 소고

This paper explores the impact of public financing for recycling firms on output, using a specific case study of Korea. To this end, we employ a production function approach and apply generalized method of moment estimation technique. The results show that the impact appears to be not only positive but also statistically significant, and more interestingly the estimate for financed capital is numerically larger than that for non-financed capital.