The Impact of Structural Funds Policy on European Regions' Growth : A Theoretical and Empirical Approach
In this paper, I try to estimate the impact of Structural Funds on the growth rates of Objective 1 European regions during the two first programming periods (1989-2000). I develop a "hybrid" model of economic growth that partially endogenizes the rate of technical progress and I test its m...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2007-09-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://eaces.liuc.it/18242979200702/182429792007040204.pdf |
| Summary: | In this paper, I try to estimate the impact of Structural Funds on the growth rates of Objective 1 European regions during the two first programming periods (1989-2000). I develop a "hybrid" model of economic growth that partially endogenizes the rate of technical progress and I test its main implications following a panel data approach. The results suggest that Structural Funds have positively influenced the growth process of Objective 1 regions, although their impact has been stronger during the first programming period than the second. The same quantitative difference between the two programming periods appears in the estimated rates of beta-convergence and the catching-up effect. |
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| ISSN: | 1824-2979 |