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

  • Mari-Carmen Puigcerver-Pe\UNICODE{0xf1}alver
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    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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    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
    Date of revision:
    Handle: RePEc:ecm:latm04:141
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    1. Xavier Sala-i-Martin, 1994. "Regional cohesion: Evidence and theories of regional growth and convergence," Economics Working Papers 104, Department of Economics and Business, Universitat Pompeu Fabra.
    2. de la Fuente, Angel, 2000. "Convergence Across Countries And Regions: Theory And Empirics," CEPR Discussion Papers 2465, C.E.P.R. Discussion Papers.
    3. repec:chb:bcchwp:03 is not listed on IDEAS
    4. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October.
    5. 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.
    6. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-51, April.
    7. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
    8. Alfredo M. Pereira, 1999. "International Public Transfers and Convergence in the European Union," Public Finance Review, , vol. 27(2), pages 194-219, March.
    9. Angel de la Fuente, 2008. "Inversión en infraestructuras, crecimiento y convergencia regional," UFAE and IAE Working Papers 753.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    10. David Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
    11. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September.
    12. Glomm, Gerhard & Ravikumar, B., 1997. "Productive government expenditures and long-run growth," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 183-204, January.
    13. 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.
    14. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. " Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-89, September.
    15. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 1127-70, November.
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