This paper aims at analysing the role played by the Rural Development Programme in supporting the agro-food industry in Piedmont (Italy). This is a first attempt to design an ex-post quasi experimental counterfactual evaluation of the net impact of the subsidy. The counterfactual has been selected by adopting the Coarsened Exact Matching technique, a quite recent imbalance-reducing matching method. Final results suggest a stabilizing effect of the subsidy in a period characterized by a sever worldwide economic crisis. Furthermore, this exercise shows that the matching technique, the chosen timing, and the quality of the available data do strongly influence the impact analysis.
Keywords: Policy evaluation; agro-food industry; counterfactual analysis; coarsened exact matching
Jel Code: L78; O25; D04; C4