During the period 2000-2003, this paper evaluates and compares the efficacy of Financing Constitutional Fund of the Northeast (FNE), North (FNO) and Center-West (FCO) loans using propensity score estimates of firms that have received loans and of others that have not. In relation to FNE, the general result indicates a positive impact on the growth rate of employee number and no impact on the growth rate of wages paid for firms. In relation to FNO and FCO, there is not possible to indicate any kind of impact on the analyzed variables.
FNE; FNO; FCO; employee number and wage
