This paper analyses the impact of the European Union's Cohesion Policy on firm growth in the programming period 2007-2013
in seven European countries. Results show that Cohesion Policy support promotes firm growth in size (value added and employment)
more than in productivity. However, even when the policy is the same and similar projects and beneficiaries are considered,
its effectiveness varies across different territorial contexts, among but also within countries. In several cases, the impact
of grants on firm growth is larger in regions with lower income or scant endowments of territorial assets, most likely because
firms in those regions cannot rely on external assets.
Forschungsbereich:Strukturwandel und Regionalentwicklung