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Fostering the Development of European Regions: A Spatial Dynamic Panel Data Analysis of the Impact of Cohesion Policy

Author

Listed:
  • Lionel Vedrine

    () (CREST GAINS TEPP LE MANS UNIVERSITE FRA - Partenaires IRSTEA - IRSTEA - Institut national de recherche en sciences et technologies pour l'environnement et l'agriculture)

  • Salima Bouayad-Agha

    (UMR METAFORT - Mutations des activités des espaces et des formes d'organisation dans les territoires ruraux - IRSTEA - Institut national de recherche en sciences et technologies pour l'environnement et l'agriculture - INRA - Institut National de la Recherche Agronomique - AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement - VAS - VetAgro Sup - Institut national d'enseignement supérieur et de recherche en alimentation, santé animale, sciences agronomiques et de l'environnement - AgroParisTech)

  • Nadine Turpin

    () (UMR METAFORT - Mutations des activités des espaces et des formes d'organisation dans les territoires ruraux - IRSTEA - Institut national de recherche en sciences et technologies pour l'environnement et l'agriculture - INRA - Institut National de la Recherche Agronomique - AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement - VAS - VetAgro Sup - Institut national d'enseignement supérieur et de recherche en alimentation, santé animale, sciences agronomiques et de l'environnement - AgroParisTech)

Abstract

In this paper, we use a conditional-convergence econometric model to investigate whether the cohesion policy affect the european economies. The main contribution of our study is to consider both spatial and temporal dynamics in assessing the impact of european cohesion policy. Econometric estimations rely on a dataset of 143 EU14-NUTS1/NUTS2 regions from 1980 to 2005. Our results suggest that objective 1 programmes have a direct effect on regional GDP p.c. growth rates, whereas total structural funds do not. Moreover, consideration of the spatial dimension of the panel brings to light a still significant, but less important, impact of structural funds.

Suggested Citation

  • Lionel Vedrine & Salima Bouayad-Agha & Nadine Turpin, 2013. "Fostering the Development of European Regions: A Spatial Dynamic Panel Data Analysis of the Impact of Cohesion Policy," Post-Print hal-02515973, HAL.
  • Handle: RePEc:hal:journl:hal-02515973
    DOI: 10.1080/00343404.2011.628930
    Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-02515973
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    References listed on IDEAS

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    1. Kukenova, Madina & Monteiro, Jose-Antonio, 2008. "Spatial Dynamic Panel Model and System GMM: A Monte Carlo Investigation," MPRA Paper 11569, University Library of Munich, Germany, revised Nov 2008.
    2. Jacobs, J.P.A.M. & Ligthart, J.E. & Vrijburg, H., 2009. "Dynamic Panel Data Models Featuring Endogenous Interaction and Spatially Correlated Errors," Other publications TiSEM d473cc67-03f6-4389-9a9f-3, Tilburg University, School of Economics and Management.
    3. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
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    Cited by:

    1. Salima BOUAYAD AGHA & Nadine TURPIN & Lionel VEDRINE, 2013. "Au-Delà De La Moyenne : Les Effets Par Quantile De La Politique De Cohésion De L’Union Européenne," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 38, pages 27-48.
    2. Mindaugas Butkus & Alma Maciulyte-Sniukiene & Kristina Matuzeviciute, 2020. "Heterogeneous growth outcomes of the EU’s regional financial support mediated by institutions with some empirical evidences at NUTS 3 level," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 40(1), pages 33-66, April.
    3. Julián Ramajo & José Manuel Cordero & Miguel Ángel Márquez, 2017. "European regional efficiency and geographical externalities: a spatial nonparametric frontier analysis," Journal of Geographical Systems, Springer, vol. 19(4), pages 319-348, October.
    4. Galluzzo, Nicola, 2016. "Productive specialization in Romanian farms using Moran's Index," 149th Seminar, October 27-28, 2016, Rennes, France 244784, European Association of Agricultural Economists.
    5. Zoltán Bakucs & Imre Fertő & Zsófia Benedek, 2019. "Success or Waste of Taxpayer Money? Impact Assessment of Rural Development Programs in Hungary," Sustainability, MDPI, Open Access Journal, vol. 11(7), pages 1-23, April.
    6. Sandy Dall'Erba & Fang Fang, 2017. "Meta-analysis of the impact of European Union Structural Funds on regional growth," Regional Studies, Taylor & Francis Journals, vol. 51(6), pages 822-832, June.
    7. Le Ma & Chunlu Liu, 2014. "Did the late-2000s financial crisis influence construction labour productivity?," Construction Management and Economics, Taylor & Francis Journals, vol. 32(10), pages 1030-1047, October.
    8. Cerciello, Massimiliano & Agovino, Massimiliano & Garofalo, Antonio, 2019. "The caring hand that cripples? The effects of the European regional policy on local labour market participation in Southern Italy," Socio-Economic Planning Sciences, Elsevier, vol. 68(C).
    9. Marco Di Cataldo & Vassilis Monastiriotis, 2018. "An assessment of EU Cohesion Policy in the UK regions: direct effects and the dividend of targeting," LEQS – LSE 'Europe in Question' Discussion Paper Series 135, European Institute, LSE.
    10. Civelli, Andrea & Horowitz, Andrew & Teixeira, Arilton, 2018. "Foreign aid and growth: A Sp P-VAR analysis using satellite sub-national data for Uganda," Journal of Development Economics, Elsevier, vol. 134(C), pages 50-67.
    11. Marco Di Cataldo & Vassilis Monastiriotis, 2020. "Regional needs, regional targeting and regional growth: an assessment of EU Cohesion Policy in UK regions," Regional Studies, Taylor & Francis Journals, vol. 54(1), pages 35-47, January.
    12. Filip Hruza & Stanislav Volcík & Jan Žácek, 2019. "The Impact of EU Funds on Regional Economic Growth of the Czech Republic," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 69(1), pages 76-94, February.
    13. Fırat GÜNDEM, 2017. "Türkiye’de İBBS 2 Bölgeleri Arasında Gelir Yakınsaması Var mıdır? Mekânsal Ekonometrik Bir Katkı," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(34).
    14. Giménez Gómez, José M. (José Manuel) & Peris, Josep E. & Solís Baltodano, María José,, 2018. "Distributing the European structural and investment funds from a conflicting claims approach," Working Papers 2072/306977, Universitat Rovira i Virgili, Department of Economics.
    15. Andrea Bonaccorsi & Daniele Biancardi & Mabel Sanchez Barrioluengo & Federico Biagi, 2019. "Study on Higher Education Institutions and Local Development," JRC Working Papers JRC117272, Joint Research Centre (Seville site).
    16. Mindaugas Butkus & Alma Mačiulytė-Šniukienė & Kristina Matuzevičiūtė, 2020. "Mediating Effects of Cohesion Policy and Institutional Quality on Convergence between EU Regions: An Examination Based on a Conditional Beta-Convergence Model with a 3-Way Multiplicative Term," Sustainability, MDPI, Open Access Journal, vol. 12(7), pages 1-37, April.
    17. Nicola Francesco Dotti, 2016. "Unwritten Factors Affecting Structural Funds: The Influence of Regional Political Behaviours on the Implementation of EU Cohesion Policy," European Planning Studies, Taylor & Francis Journals, vol. 24(3), pages 530-550, March.
    18. Juan R. Cuadrado-Roura & Ron Martin & Andrés Rodríguez-Pose, 2016. "The economic crisis in Europe: urban and regional consequences," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 3-11.
    19. Marco Di Cataldo, 2016. "Gaining and losing EU Objective 1 funds: Regional development in Britain and the prospect of Brexit," LEQS – LSE 'Europe in Question' Discussion Paper Series 120, European Institute, LSE.
    20. Mihaela-Nona, CHILIAN & Mihaela, SIMIONESCU & Marioara, IORDAN, 2014. "Determinants Of Regional Competitiveness In Romania - A Panel Data Approach," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 13-20.

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