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Essay specific features
Written by:
Tiffany A
Date added:
June 22, 2015
Level:
University
Grade:
C
No of pages / words:
42 / 11619
Was viewed:
2045 times
Rating of current essay:
Essay content:
The focus is particularly on the variability of financial and economic rates of return and how to integrate this information in the EU co-financing mechanism. We investigate, through the analysis of variance of co-financing rate, to which extent variability of rates is due to structural characteristics (sectors, countries) or to the existence of a residual variance due both to specificity of the project and discretional element of the appraisal method, which may constitute an information noise...
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We find that the variance of co-financing rate across countries is poorly explained by different composition of sectors of investment. This suggests the need to reinforce a more consistent approach to evaluation and co-financing. We suggest some possible solutions.
ACKNOWLEDGEMENTS
The authors are particularly grateful for lively discussions with A...
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