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Impact Of Structural Funds On Regional Growth: How To Reconsider A 9 Year-Old Black Box

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Author Info

  • Sandy DALL’ERBA

    ()
    (School of Geography and Development, University of Arizona (USA))

  • Rachel GUILLAIN

    ()
    (LEG, Université de Bourgogne)

  • Julie LE GALLO

    ()
    (CRESE, Université de Franche-Comté)

Abstract

Econometric estimations of the impact of structural funds on the growth process of the European regions started 9 years ago. However, it is striking to realize that all previous estimations in this field are based on some form of the neoclassical growth model. This model is still widely used despite the numerous critics it has raised and its lack of consideration for increasing returns to scale, which are at the heart of agglomeration and growth processes according to endogenous growth theories and new economic geography models. In addition, few estimations have paid attention to the nature of the cohesion objectives under study. For example, the expected impact of objec-tive 1 funds, devoted to public infrastructures, is indeed theoretically and empirically very different from the one of objective 3 funds devoted to long-term unemployed. As a result, the aim of this paper is to propose a careful assessment of the impact of structural funds on the manufacturing sector of 145 European regions in the context of a Verdoorn’s law for the period 1989-2004. First, the results are presented with total structural funds and funds differen-tiated by objective. Second, interregional linkages are included by means of spatial econometric techniques. Third, potential endogeneity of the explanatory variables is taken into account.

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Bibliographic Info

Article provided by Region et Developpement, LEAD, Universite du Sud - Toulon Var in its journal Région et Développement.

Volume (Year): 30 (2009)
Issue (Month): ()
Pages: 77-100

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Handle: RePEc:tou:journl:v:30:y:2009:p:77-100

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Keywords: GROWTH; REGIONAL POLICY; INCREASING RETURNS; EUROPE; SPATIAL ECONOMETRICS;

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References

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  1. Andrés Rodríguez-Pose & Ugo Fratesi, 2003. "Between development and social policies: the impact of European Structural Funds in Objective 1 Regions," European Economy Group Working Papers 28, European Economy Group.
  2. Becker, Sascha O. & Egger, Peter H. & von Ehrlich, Maximilian, 2010. "Going NUTS: The effect of EU Structural Funds on regional performance," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 578-590, October.
  3. Miguel A. León-Ledesma, 1999. "Accumulation, Innovation and Catching-Up: An Extended Cumulative Growth Model," Studies in Economics 9906, Department of Economics, University of Kent.
  4. Miguel Leon-Ledesma, 2000. "Economic Growth and Verdoorn's Law in the Spanish Regions, 1962-91," International Review of Applied Economics, Taylor & Francis Journals, vol. 14(1), pages 55-69.
  5. Sandy Dall’erba & Julie Le Gallo, 2007. "The Impact of EU Regional Support on Growth and Employment," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 57(7-8), pages 324-340, September.
  6. Harris, Richard I D & Lau, Eunice, 1998. "Verdoorn's Law and Increasing Returns to Scale in the UK Regions, 1968-91: Some New Estimates Based on the Cointegration Approach," Oxford Economic Papers, Oxford University Press, vol. 50(2), pages 201-19, April.
  7. Jordi Pons-Novell & Elisabet Viladecans-Marsal, 1999. "Kaldor's Laws and Spatial Dependence: Evidence for the European Regions," Regional Studies, Taylor & Francis Journals, vol. 33(5), pages 443-451.
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Cited by:
  1. Andrés Rodríguez-Pose & Katja Novak, 2011. "Learning processes and economic returns in European Cohesion policy," Working Papers 2011-17, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
  2. Schmidt, Peter, 2010. "Zu Migration und Strukturfonds im Binnenmarkt der EU
    [Migration and the Structural Funds in the Single European Market]
    ," MPRA Paper 23740, University Library of Munich, Germany.
  3. Salima BOUAYAD AGHA & Nadine TURPIN & Lionel VEDRINE, 2013. "Au-Delà De La Moyenne : Les Effets Par Quantile De La Politique De Cohésion De L’Union Européenne," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 38, pages 27-48.
  4. Sassi, Maria & Pecci, Francesco, 2008. "Agricultural and Economic Convergence in the EU Integration Process: Do Geographical Relationships Matter?," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44459, European Association of Agricultural Economists.
  5. Daniele, Vittorio, 2009. "Regional convergence and public spending in Italy. Is there a correlation?," MPRA Paper 14334, University Library of Munich, Germany.
  6. DANIELE, Vittorio, 2009. "Development Policy, Public Spending and Regional Convergence in Italy (1996-2007)," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 9(2).
  7. Daniele VITTORIO, 2009. "Public Spending And Regional Convergence In Italy," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_Summ).

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