G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11210
DP11210 EU Structural Funds and Regional Income Convergence – A Sobering Experience
Christoph Schmidt; Timo Mitze
发表日期2016-04-02
出版年2016
语种英语
摘要The European Structural and Investment Funds (ESIF) are the prime instrument of EU regional policy. European policy makers place considerable hope into their growth stimulating funding measures to overcome current economic stagnation. Consequently, there is a strong need for credible evidence regarding the programs’ effectiveness. Based on an empirical identification strategy linked to modern growth theory, we find that the disbursement of EU structural funds is negatively correlated with regional growth. Incorporating spatial dynamics and decomposing this correlation into a direct and a spatially-indirect component, it is particularly the latter which determines this “sobering” finding. Regarding the economics behind these results, the obtained negative spatial effect may reflect the role played by policy-induced spatial competition among neighboring regions. It could also highlight the backwardness in technological endowment and economic structures of highly funded regions. In any case, EU structural funding does not seem to contribute effectively to foster income convergence across regions.
主题International Trade and Regional Economics ; Macroeconomics and Growth ; Public Economics
关键词Eu regional policy Spatial spillovers Panel data
URLhttps://cepr.org/publications/dp11210
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/540027
推荐引用方式
GB/T 7714
Christoph Schmidt,Timo Mitze. DP11210 EU Structural Funds and Regional Income Convergence – A Sobering Experience. 2016.
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