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The European Structural and Investment Funds and Public Investment in the EU Countries

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  • Karsten Staehr

  • Katri Urke

Abstract

Public investment is low and has declined in many EU countries since the global financial crisis. This paper estimates the effects of the various European Structural and Investment Funds (ESIF) on public investment in the EU countries. The analysis is run on annual data from 2000 to 2018 using dynamic panel data specifications. Funding from the Cohesion Fund, the EU’s facility for its less developed members, has an almost one-to-one effect on public investment in the short term and more in the longer term. Funding from the European Regional Development Fund may have some effect, but it cannot be estimated precisely. Other ESIF funds do not have predictive effects on public investment in the EU countries.

Suggested Citation

  • Karsten Staehr & Katri Urke, 2022. "The European Structural and Investment Funds and Public Investment in the EU Countries," Bank of Estonia Working Papers wp2022-3, Bank of Estonia, revised 24 Mar 2022.
    • Handle: RePEc:eea:boewps:wp2022-3
    DOI: 10.23656/25045520/032022/0193
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    Cited by:

    1. Nikolitsa Spilioti & Athanasios Anastasiou, 2024. "European Structural and Investment Funds (ESIFs) and Regional Development across the European Union (EU)," JRFM, MDPI, vol. 17(6), pages 1-18, May.
    2. Brenda-Andreea Piuaru & Bianca Tescașiu & Gheorghe Epuran & Mihaela Hrisanta Mosora & Ioana Simona Ivasciuc, 2024. "Information Asymmetry in the European Funds Market: Impact on Resource Allocation and Sustainable Development," Sustainability, MDPI, vol. 16(24), pages 1-30, December.
    3. McQuinn, Kieran & O'Toole, Conor & Kenny, Eoin & Hauser, Lea, 2023. "Quarterly Economic Commentary, Autumn 2023," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC2023AUT, March.
    4. Adrian ANDRONIC, 2023. "Challenges And Funding Strategies For Digital Education In European Primary Schools," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 9(1), pages 119-138, June.
    5. Lubica Stiblarova, 2024. "Transmission channels of the cohesion policy: direct and indirect effects on EA synchronicity," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(2), pages 379-402, May.
    6. Feld, Lars P. & Hassib, Joshua, 2024. "On the role of EU cohesion policy for climate policy," ZEW Discussion Papers 24-050, ZEW - Leibniz Centre for European Economic Research.
    7. Tiganasu, Ramona & Lupu, Dan, 2023. "Institutional quality and digitalization: Drivers in accessing European funds at regional level?," Socio-Economic Planning Sciences, Elsevier, vol. 90(C).
    8. Carmen Elena Anton & Alexandra Zamfirache & Ruxandra-Gabriela Albu & Titus Suciu & Sergiu Mihai Sofian & Oana-Andreea Ghiță-Pîrnuță, 2024. "Sustainable Entrepreneurship: Romanian Entrepreneurs’ Funding Sources in the Present-Day Context of Sustainability," Sustainability, MDPI, vol. 16(2), pages 1-29, January.
    9. Peter Nemec & Matus Kubak, 2024. "Evaluating the value for money in procurement for EU-funded projects: the perspectives of Slovak regional and local authorities," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.

    More about this item

    Keywords

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    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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