This paper analyzes the relationship between state aid and ?rm performance in terms of productivity growth. To this end, we use all European state aid cases that were granted (either to an individual ?rm or a group of ?rms under the form of a scheme) in manufacturing between 2003 and 2011. Our...

The academic literature provides no clear answer to this question. In principle, the recent slowdown in reform activity and fiscal consolidation in the euro area may derive from several developments. Potential reasons involve the end of the economic recession, the provision of financial...

Neue Forschungsergebnisse zeigen: Die 450 Milliarden Euro schwere Regionalförderung der EU hat keine positive Wirkung auf das Wachstum. - Die EU-Strukturfonds machen in der Finanzperiode von 2014 bis 2020 erstmals den größten Haushaltsposten der Europäischen Union (EU) aus. Bisherige...

[Background] This report presents results of an impact evaluation of a market-based energy access intervention implemented by the Energising Development (EnDev) programme in rural Kenya. The EnDev Kenya intervention seeks to establish and enhance self-sustaining markets for modern energy...

The current state of Latvia can be best described in medical terms: the patient is pale, but alive. The financial woes have been successfully resolved, but economic, social and political challenges remain. The crisis is continuing to affect the fabric of social and political life in Latvia. This...

With hindsight the debate over whether Europe constitutes an optimal currency area overlooked the elephant in the room. Following Robert Mundell’s considerations, the expert debate in the 1990s focused on the question of whether Europe’s capital and labor markets were sufficiently integrated...