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The Effect of Structural Fund Spending on the Spanish Regions: An Assessment of the 1994-99 Objective 1 CSF

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  • de la Fuente, Angel

Abstract

This Paper analyses the growth and employment effects of the 1994-99 Community Support Framework (CSF) for the Objective 1 Spanish regions, using a simple supply-side model estimated with a panel of regional data. The results suggest that the impact of the Structural Funds in Spain has been quite sizeable, adding around a percentage point to annual output growth in the average Objective 1 region, and 0.4 points to employment growth. Over the period 1994-2000, the Framework has resulted in the creation of over 300,000 new jobs and has eliminated 20% of the initial gap in income per capita between the assisted regions and the rest of the country.

Suggested Citation

  • de la Fuente, Angel, 2002. "The Effect of Structural Fund Spending on the Spanish Regions: An Assessment of the 1994-99 Objective 1 CSF," CEPR Discussion Papers 3673, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:3673
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    References listed on IDEAS

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    1. Arantza Gorostiaga, 1999. "¿Cómo afecta el capital público y el capital humano al crecimiento?," Investigaciones Economicas, Fundación SEPI, vol. 23(1), pages 95-114, January.
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    4. de la Fuente, Angel, 1997. "Fiscal Policy and Growth in the OECD," CEPR Discussion Papers 1755, C.E.P.R. Discussion Papers.
    5. de la Fuente, Angel, 2002. "On the sources of convergence: A close look at the Spanish regions," European Economic Review, Elsevier, vol. 46(3), pages 569-599, March.
    6. Modesto, Leonor & Neves, Pedro D., 1995. "HERMIN Portugal," Economic Modelling, Elsevier, vol. 12(3), pages 275-294, July.
    7. Bradley, John & Herce, Jose-Antonio & Modesto, Leonor, 1995. "The macroeconomic effects of the CSF 1994-1999 in the EU periphery : An analysis based on the HERMIN model," Economic Modelling, Elsevier, vol. 12(3), pages 323-333, July.
    8. Christodoulakis, Nicos M. & Kalyvitis, Sarantis, 2000. "The Effects of the Second Community Support Framework 1994-99 on the Greek Economy," Journal of Policy Modeling, Elsevier, vol. 22(5), pages 611-624, September.
    9. de la Fuente, Angel, 2002. "Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?," CEPR Discussion Papers 3138, C.E.P.R. Discussion Papers.
    10. Angel de la Fuente & Antonio Ciccone, 2003. "Human capital in a global and knowledge-based economy," UFAE and IAE Working Papers 562.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    11. Garcia-Mila, Teresa & McGuire, Therese J & Porter, Robert H, 1996. "The Effect of Public Capital in State-Level Production Functions Reconsidered," The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 177-180, February.
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    13. Matilde Mas & Joaquin Maudos & Francisco Perez & Ezequiel Uriel, 1996. "Infrastructures and Productivity in the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 30(7), pages 641-649.
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    Citations

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    Cited by:

    1. Juan González Alegre, 2010. "Fiscal decentralization and intergovernmental grants: the European regional policy and Spanish autonomous regions," Working Papers 2010/6, Institut d'Economia de Barcelona (IEB).
    2. Rolf Bergs, 2011. "Planning across Borders in Europe: The Need for an Economic Point of View," Regional Studies, Taylor & Francis Journals, vol. 45(1), pages 141-145.
    3. Angel De la Fuente, 2010. "Infrastructures and productivity: an updated survey," Working Papers 1018, BBVA Bank, Economic Research Department.
    4. Angel de la Fuente, 2009. "Testing, not modelling, the impact of Cohesion support: a theoretical framework and some preliminary results for the Spanish regions," Working Papers 419, Barcelona Graduate School of Economics.
    5. José Ramón Cancelo & J. Andrés Faíña & Jesús López-Rodríguez, 2009. "Measuring the Permanent Impact of European Structural Funds on Peripheral Objective 1 Regions: The Case of Galicia," European Planning Studies, Taylor & Francis Journals, vol. 17(10), pages 1535-1558, July.
    6. Sergio Destefanis & Vania Sena, 2003. "Public Capital and Total Factor Productivity. New Evidence from the Italian Regions," CELPE Discussion Papers 73, CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy.
    7. Melanie K. Jones & Louise Skilton, 2014. "An Analysis of Labour Market Outcomes in the European Union Objective One Funding Area in Great Britain," Regional Studies, Taylor & Francis Journals, vol. 48(7), pages 1194-1211, July.
    8. Rosella Nicolini, 2008. "Agglomeration and inequality across space: What can we learn from the European experience?," Working Papers wpdea0809, Department of Applied Economics at Universitat Autonoma of Barcelona.
    9. Simón Sosvilla-Rivero, "undated". "Structural Funds and Spain’s Objective 1 Regions: An Analysis Based on the Hermin Model," Working Papers 2005-24, FEDEA.

    More about this item

    Keywords

    infrastructure; regional policy; structural funds;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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