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The Impact of Structural Funds Policy on European Regions Growth. A Theoretical and Empirical Approach

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  • Mari-Carmen Puigcerver-Pe\UNICODE{0xf1}alver
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    Abstract

    In this paper we 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). For that purpose, we develop a ''hybrid'' model of economic growth that partially endogenizes the rate of technical progress and we test its main implications following a panel data approach. Our results suggest that Structural Funds have positively influenced the growth process of Objective 1 regions although their impact has been much stronger during the first Programming period than during the second. The same quantitative difference between the two Programming periods appears on the estimated rates of beta -convergence and the catching-effect

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    File URL: http://repec.org/esLATM04/up.23143.1081937884.pdf
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    Bibliographic Info

    Paper provided by Econometric Society in its series Econometric Society 2004 Latin American Meetings with number 141.

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    Date of creation: 11 Aug 2004
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    Handle: RePEc:ecm:latm04:141

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    Keywords: growth; convergence; catch-up; structural funds;

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    8. Angel de la Fuente, 2008. "Inversión en infraestructuras, crecimiento y convergencia regional," Economic Reports 20-08, FEDEA.
    9. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    10. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    11. David Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
    12. Francesco Caselli & Gerardo Esquivel & Fernando Lefort, 1997. "Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Working Papers Central Bank of Chile 03, Central Bank of Chile.
    13. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-51, April.
    14. Alfredo M. Pereira, 1999. "International Public Transfers and Convergence in the European Union," Public Finance Review, , vol. 27(2), pages 194-219, March.
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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.

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