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Regional Convergence, Structural Funds and the Role of Agricolture in the EU. A Panel-Data Approach

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  • Stefania BUSSOLETTI

    ([n.a.])

  • Roberto ESPOSTI

    ()
    (Universita' Politecnica delle Marche, Dipartimento di Economia)

Abstract

This article investigates the impact of structural funds expenditure on EU regions by estimating a conditional convergence econometric model. According to this model, regional convergence is affected by both the policy treatment and the regional economic structure proxied by the agriculture employment share, which affects regional steady state level by influencing its aggregate productivity. The convergence model is specified in a dynamic panel-data form on a dataset of 206 NUTS II EU15 regions observed over more than 10 years (from 1989 to 2000). A GMM estimation is applied to obtain consistent estimates of both the á parameter and the impact of the regional policies and agriculture employment share.

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Paper provided by Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali in its series Working Papers with number 220.

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Length: 30
Date of creation: Oct 2004
Date of revision:
Handle: RePEc:anc:wpaper:220

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Keywords: GMM estimation; agriculture employment; panel-data; regional convergence; structural funds;

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Cited by:
  1. GUILLAIN, Rachel & DALL'ERBA, Sandy & LE GALLO, Julie, 2007. "Politiques de développement et croissance régionale en Europe : le rôle des rendements croissants et des dépendances spatiales," LEG - Document de travail - Economie 2007-02, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
  2. Cornelius Bähr & Ulrike Stierle-von Schütz & Matthias Wrede, 2007. "Dezentralisierung in den EU-Staaten und räumliche Verteilung wirtschaftlicher Aktivitäten," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(2), pages 110-129, 03.
  3. Cornelius Baehr, 2006. "How Does Sub-National Autonomy Affect the Effectiveness of Structural Funds?," ERSA conference papers ersa06p470, European Regional Science Association.
  4. Jürgen von Hagen, 2007. "Institutionelle Gestaltung föderaler Systeme: Theorie und Empirie," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(2), pages 109-109, 03.
  5. Renato BALDUCCI, 2005. "Public Expenditure and Economic Growth. A critical extension of Barro's (1990) model," Working Papers 240, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.

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