Um die graphische Version (HTML) dieses E-Mails zu sehen, klicken Sie auf den folgenden Link, oder kopieren Sie ihn in Ihren Browser: < http://newsletter.wifo.ac.at/sys/w.aspx?sub=zkzGe_wUsZh&mid=1cfc5b87 > Einladung: WIFO-Extern zum Thema "EU Corporate Subsidies in Hungary. Selection and Performance Effects"   ------------------------------------------------------------- ------------------------------------------------------------- Sehr geehrte Damen und Herren, das WIFO lädt Sie herzlich zum nächsten Termin der Vortragsreihe WIFO-Extern ein: Freitag, 15. September 2017, 13:15 Uhr WIFO, Kleiner Sitzungssaal Balázs Muraközy (Institute of Economics - Centre for Economic and Regional Studies of the Hungarian Academy of Sciences) "EU Corporate Subsidies in Hungary. Selection and Performance Effects" Abstract: Structural and Cohesion Funds are one of the key policy instruments of the European Union, aimed at fostering growth in the less developed regions of the EU. Despite the magnitude of these funds in new member states (equivalent to about 3% of GDP in Hungary) not much is known about their effects. Our paper uses firm-level balance sheet and subsidy data from Hungary to study the effects of business subsidies financed from Structural and Cohesion Funds between 2004-2014. We find strong selection both into applying and winning the grants: firms which are larger, more productive and had grown faster in the past are more likely to apply and win. We also find that many firms apply multiple times. We estimate the effect of subsidies with matching winners with non-winners to find that winning grants was associated with somewhat faster growth but was not correlated with an increase in productivity. Our results are in line with a picture that grants provide a way of financing which has a low marginal cost but requires a relatively high fixed application cost. Bei Interesse am Besuch dieses Vortrages schicken Sie bitte (bis einen Tag vor der Veranstaltung) eine formlose Anmeldung an veranstaltungen@wifo.ac.at < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQg > , um uns die Abschätzung des Raumbedarfs zu erleichtern. Um diesen Vortrag in Ihren Kalender zu importieren, klicken Sie bitte hier < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQi&mid=1cfc5b87 > . Wir würden uns freuen, Sie zu diesem Vortrag am WIFO begrüßen zu dürfen! Christian Glocker WIFO - Österreichisches Institut für Wirtschaftsforschung Arsenal, Objekt 20 1030 Wien Tel.: +43 (1) 798 26 01-303 Fax: +43 (1) 798 93 86 Web: http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQe E-Mail: Christian.Glocker@wifo.ac.at < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQh > --------------------------------------------------------------------------------------------- © 2016 Österreichisches Institut für Wirtschaftsforschung 1030 Wien, Arsenal, Objekt 20 Impressum < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQk > | AGB < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQm > | Datenschutzerklärung < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQj > Tel.: +43 (0) 1 798 26 01-0 Fax: + 43 (0) 1 798 93 86 E-Mail: veranstaltungen@wifo.ac.at < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&link=aZQl > ------------------------------------------------------------- Persönliche Daten ändern: < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&sl=1ng&mid=1cfc5b87 > ------------------------------------------------------------- Weiterleiten: < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&sl=1nh&mid=1cfc5b87 > ------------------------------------------------------------- Newsletter abbestellen: < http://newsletter.wifo.ac.at/sys/r.aspx?sub=zkzGe_wUsZh&sl=1nf&mid=1cfc5b87 > -------------------------------------------------------------