Download or read book EU Structural Funds and Regional Income Convergence written by Philipp Breidenbach and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The European Cohesion Policy and European Regional Development Fund Conditional Effectiveness and Convergence in the Solow Model written by Thomas Craemer and published by GRIN Verlag. This book was released on 2017-12-08 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the EU is growing ever closer as a single economic entity, the difference in wealth and economic power among its member nations – from Germany and France to Romania and Bulgaria – is still enormous. This is despite the European Union’s continuous efforts to reduce welfare differences between its member states since its foundation in 1958: The long-term objective of the EU is a convergence of income and GDP per capita levels within the entire Union. This policy is known as European cohesion policy, which nowadays accounts for more than one third of the EU’s total budget. The vast financial importance of the cohesion policy naturally begs two questions: Are structural funds effective in promoting economic growth? And if so, do they promote income and welfare convergence within the EU? Yet most studies so far have merely yielded fragmented results, as they only focus on single EU member states, or consist of data for short time periods. In contrast, this study captures long-term effects of structural funds in the recent past and delivers accurate and meaningful empirical results. It focuses on data for the European Regional Development Fund since this is the most important item of cohesion policy which financially supports projects that aim to foster convergence directly. In this book: - European cohesion policy; - structural funds; - European Regional Development Fund; - economic convergence; - Solow-Model; - growth theory
Download or read book The Regional Dimension in European Public Policy written by Reiner Martin and published by Springer. This book was released on 1999-05-09 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses EU regional policy and its co-ordination with other European and national public policies, namely investment grants, research and development policy and transport policy. The analysis identifies shortcomings within EU regional policy as well as co-ordination, problems with other public policies.
Download or read book Regional Economic Performance Within the European Union written by Kenneth Button and published by Edward Elgar Publishing. This book was released on 1999 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the extent to which spatial economic convergence has taken place in the EU and analyzes the effectiveness of regional policy. Looks at differing economic features of European regions and provides an institutional background to regional policy at both the national and Union level. Assesses key regional policy instruments, paying particular attention to the role of infrastructure investment as a tool for enhancing regional growth, and analyzes the extent to which economic convergence, for example in terms of income and employment, has materialized across regions. The editors are associated with George Mason University, US, and Loughborough University, UK. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book EU Regional Policy and the Neighbour s Curse written by Philipp Breidenbach and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European structural and investment funds (ESIF) constitute the prime instrument of EU regional policy. We study the ESIF's effectiveness in terms of fostering intra-EU income convergence through investment support to lagging regions. Our empirical results for the period 1997-2007 indicate that the ESIF's contribution to income growth is insignificant or even negative for several peripheral EU regions. We argue that the negative link between funding and regional growth is mainly attributable to spatial spillovers. While the latter may reflect the intensified competition for scarce production factors among highly funded regions in geographical proximity, we also discuss the role played by structural backwardness in a macro-regional context to explain this sobering result. As such, we show that negative funding effects significantly correlate with lower levels of regional institutional quality. Taken together, our findings indicate that unintended distortionary effects restrain EU regional policy from working effectively to foster income convergence.
Download or read book Regional Convergence in the European Union written by Juan R. Cuadrado-Roura and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of the single currency in the European economic space constitutes without doubt the most visible step towards monetary and economic integration in the EU. Those who boosted the birth of the Common Market in 1957 dreamt that this would one day come about as a logical consequence of the integration process. However, things have gone much more slowly than possibly imagined, although if taken in an adequate historic perspective, it is undeniable that the agreements that have led to European Monetary Union signify a really formidable jump in the process of political and economic integration in Europe. This is something many doubted would ever happen, but which is already a reality, although still in need of a period of consolidation. The most general economic consequences of the EMU have already been analysed in considerable depth. Proof of this is the literature already available. In general, there is coincidence in affirming that the balance of the results expected is clearly positive. Firstly, as a result of the anticipated gains in efficiency, a consequence of reduction of transaction costs associated to the previous existence of different currencies and of the elimination of exchange rate uncertainties.
Download or read book European Structural and Investment Funds and Regional Convergence written by Carlos San Juan Mesonada and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective is to empirically assess the effects of the European Structural and Investment Funds (ESIF) on the regional convergence of income catching-up of the Objective 1 regions in Spain. The principal added value of the paper is that by using realized investment data, it allows comparison of the results in terms of real regional convergence of the two budgetary periods covering different phases of the business cycle and two ESIF operational programs. The panel data model's results allow recommendations to assess economic and financial adjustments in the UE and the use of the ESIF. Changes in economic cycles seem to have a significant impact on the ability of funds to contribute to the growth of the regional economy. Possible use in the Eurozone of the future Crisis Fund of the multiannual budget 2021-27. The level of indebtedness in the region has a definite adverse effect on the effectiveness of European projects. Additionally, we identify an apparent spillover effect from the funds towards other border regions on those that are formally receiving. Therefore, it is essential to be able to adapt the funds according to the phase of the business cycle. Moreover, during the downturns, to ensure their effectiveness may not be co-finance by regions.
Download or read book Regional Policy in the EU written by Reiner Martin and published by . This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Aid and Convergence written by John Bradley and published by . This book was released on 1995 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many aspects of public investment in the European periphery now fall within the scope of the EU's regional aid programme, the Community Support Framework (CSF). This book describes the logic behind the design of the CSF and how its macroeconomic impact can be evaluated.
Download or read book Effects of Policy Mix on European Regional Convergence written by Ignacio Sacristán López-Bravo and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the impact of the fiscal-monetary policy mix on the convergence on per capita income of the least developed regions (Objective 1) of the European Union (EU 28) during the implementation of the three European Structural and Investment Funds (ESIF) programmes between 2000 and 2020. The Solow-Swan growth model with control variables allows us to assess the absorption capacity of regions in the different phases of the economic cycle. The empirical results show the effectiveness of EU Regional and Cohesion Policy. However, the combination of fiscal and monetary policy shows an impact that is asymmetric, depending on the region. Thus, a policy mix of fiscal restraint and monetary expansion would boost growth in all regions, but would slow down the convergence process in Objective 1 regions.
Download or read book Convergence and Divergence Among European Regions written by Roger William Vickerman and published by . This book was released on 1995 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Do Levels of Governance Make a Difference Investigating the Effects of the Structural Funds on Convergence Within the European Union written by Christina Fattore and published by . This book was released on 2007 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: I propose a theory related to multilevel governance to discuss how the distribution of the ERDF and Structural Funds in these different periods may result in various outcomes due to the distributional schemes. I expect to find that in the post revision period, the Structural Funds are better equipped via their distributional processes to achieve the goals set forth by the Treaty of Rome. The empirical evidence supports this conclusion, in that although convergence is not occurring in either period examined, the poor regions of the European Union are growing economically due to the assistance from the Structural Funds.
Download or read book New Directions in Economic Geography written by B. Fingleton and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a serious attempt to cover all of the relevant subdisciplines in the geographical economics framework. . . I would recommend the book to students of economic geography, regional economics, and related disciplines. Frans Boekema, Journal of Regional Science . . . this book is empirically and theoretically comprehensive in its scope. The nearly eighteen authors who have contributed to this book present a truly transatlantic perspective on NEG. . . this volume will be extremely useful to those dealing with rigorous modelling to examine spatial issues in economics, geography and planning. Rajiv Thakur, Regional Science Policy and Practice I recommend the book. . . The papers of a high quality, well written and organized; empirical analyses are based on the most advanced empirical techniques, and the reader enjoys their application. Roberta Capello, Growth and Change A very interesting volume indeed, recommended reading for everyone interested in theorizing space in economics or working in the empirical spatial-economic research arena. Economic Geography Research Group This important book explores original and alternative directions for economic geography following the revolution precipitated by the advent of so-called new economic geography (NEG). Whilst, to some extent, the volume could be regarded as part of the inevitable creative destruction of NEG theory, it does promote the continuing role of theoretical and empirical contributions within spatial economic analysis, in which the rationale of scientific analysis and economic logic maintain a central place. With contributions from leading experts in the field, the book presents a comprehensive analysis of the extent to which NEG theory is supported in the real world. By exploring whether NEG theory can be effectively applied to provide practical insights, the authors highlight novel approaches, emerging trends, and promising new lines of enquiry in the wake of advances made by NEG. Rigorous yet engaging, this book will be an essential tool for academics and researchers specialising in regional studies, urban and spatial economics and economic geography. It will also have widespread appeal amongst policymakers involved in planning and land use.
Download or read book Income Convergence in the EU written by Alessandro Mascioli and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The role of fiscal transfers for regional economic convergence in Europe written by Cristina Checherita and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Ups and Down of Regional Income Convergence in Europe written by and published by . This book was released on 1997 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Funds and Games written by Sjef Ederveen and published by . This book was released on 2002 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
