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The main objective of the present paper is to estimate the extent to which firm investment is substituted (crowded-out) by investment support policies granted under the EU Rural Development Programme (RDP). In the empirical analyses we employ the difference-in-difference propensity score...
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It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...
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Additionality is one of the key principles driving the functioning of the EU Cohesion Policies (ECP). The present paper … studies how additionality affects the distributional effects of the ECP. Using the example of the firm-level investment … support, we analyse the role of additionality and co-financing rate in differently competitive markets. We find that the …
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employment and sales. Although input and output additionality have been researched intensively little is known about the actual …
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