全球智库信息集成服务系统(G2TT): DP8043 Too much of a good thing? On the growth effects of the EU's regional policy

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP8043
	DP8043 Too much of a good thing? On the growth effects of the EU's regional policy
	Sascha O. Becker; Peter Egger; Maximilian Von Ehrlich
发表日期	2010-10-23
出版年	2010
语种	英语
摘要	The European Union (EU) provides grants to disadvantaged regions of member states from two pools, the Structural Funds and the Cohesion Fund. The main goal of the associated transfers is to facilitate convergence of poor regions (in terms of per-capita income) to the EU average. We use data at the NUTS3 level from the last two EU budgetary periods (1994-99 and 2000-06). Using generalized propensity score estimation, we analyze to which extent the goal of fostering growth in the target regions was achieved with the funds provided and whether more transfers generated stronger growth effects or not. We find that, overall, EU transfers enable faster growth in the recipient regions as intended, but we estimate that in 36% of the recipient regions the transfer intensity exceeds the aggregate efficiency maximizing level and in 18% percent of the regions a reduction of transfers would not even reduce their growth. We conclude that some reallocation of the funds across target regions would lead to higher aggregate growth in the EU and could generate even faster convergence than the current scheme does.
主题	International Trade and Regional Economics
关键词	Eu regional policy Generalized propensity score estimation Quasi-randomized experiment Regional growth
URL	https://cepr.org/publications/dp8043
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/536894
推荐引用方式 GB/T 7714	Sascha O. Becker,Peter Egger,Maximilian Von Ehrlich. DP8043 Too much of a good thing? On the growth effects of the EU's regional policy. 2010.