Search results for "European regional disparities"

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Does EU cohesion policy work? Theory and evidence

2017

This paper evaluates the effectiveness of European Cohesion Policy in the regions of 12 EU countries in the period 1991–2008, on the basis of a spatial growth model, which allows for the identification of both direct and indirect effects of EU funds on GDP per worker growth. We find that “Objective 1” funds are characterized by strong spatial externalities and a positive and concave effect on the growth of GDP per worker, which reaches a peak at the ratio funds/GDP of approximately 3 percent and becomes non-significant after 4 percent. “Objective 2” and “Cohesion” funds have nonsignificant effects, while all the other funds exert a positive and significant effect, but their size is very lim…

0211 other engineering and technologiesstructural and cohesion fund02 engineering and technologyEnvironmental Science (miscellaneous)DevelopmentEu countriesspatial panel modelAnnual growth %European regional policyEuropean regional disparitieEuropean regional disparities0502 economics and businessEconomicsDevelopment3304 Education050207 economicsPublic economics05 social sciences021107 urban & regional planningGrowth modelspatial spilloversstructural and cohesion fundsspatial spilloverBasis pointDemographic economicsEuropean regional disparities; European regional policy; spatial panel model; spatial spillovers; structural and cohesion fundsExternalityJournal of Regional Science
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