studies how additionality affects the distributional effects of the ECP. Using the example of the firm-level investment … investment additionality and the level of competition importantly affect the distributional effects of the ECP. Imposing … benefits firms. In an imperfectly competitive environment the firm-level investment support may increase capital use and may be …

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 …

-2015 phase as the investment-driven economy, and the new normal economy since 2016. All three economies have been shaped by the …