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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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    File URL: http://repec.org/esLATM04/up.23143.1081937884.pdf
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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
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    Handle: RePEc:ecm:latm04:141
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    1. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-51, April.
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    8. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September.
    9. repec:chb:bcchwp:03 is not listed on IDEAS
    10. Alfredo M. Pereira, 1999. "International Public Transfers and Convergence in the European Union," Public Finance Review, , vol. 27(2), pages 194-219, March.
    11. 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).
    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. ?gel de la Fuente, . "Convergence Across Countries And Regions: Theory And Empirics," UFAE and IAE Working Papers 447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    15. 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.
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