We study the effectiveness of the ‘Technological Credit' (TC) instrument in supporting innovation in Polish SMEs. Our research question is: to what extent does providing credit to SMEs tied to technological investment affect capital expenditure and how does this change the innovativeness of...

This paper deals with the effects of the transfer of additional funds on the real economy of recipient countries, in particular the European Member States. The intended and unintended effects of additional funds on national public finances and, ultimately, economic performance are discussed....

Discounting enables to express future monetary or socio-economic effects in terms of present values when inter-temporal decisions are to be taken. In the context of the cost-benefit analysis, this allows for directly comparing net benefits expressed in terms of their net present values, and,...