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Structural Funds and the 1992 Program in the European Community

Author

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  • Mr. James P. F. Gordon

Abstract

Equity and efficiency justifications are found for the Community’s Structural Funds which are discovered to be carefully targeted at depressed regions, albeit with some horizontal inequities. If Fund transfers displace national assistance, then they may be misallocated by being tied to regional indicators. The recent doubling in size enhances the Funds’ ability to assist losers from the creation of a single European market in 1992. However, they fall short of constituting a safety net since they provide little automatic assistance to regions suffering negative shocks. Compensation of losers from the 1992 program would require an overhaul of the present allocation system, if not a further increase in scale.

Suggested Citation

  • Mr. James P. F. Gordon, 1991. "Structural Funds and the 1992 Program in the European Community," IMF Working Papers 1991/065, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1991/065
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    Cited by:

    1. Barry Eichengreen., 1993. "International Monetary Arrangements for the 21st Century," Center for International and Development Economics Research (CIDER) Working Papers C93-021, University of California at Berkeley.
    2. Yannis, Athena, 1996. "Fiscal Federalism and EMU," MPRA Paper 90306, University Library of Munich, Germany.
    3. Barry Eichengreen., 1992. "The Political Economy of Fiscal Policy After EMU," Center for International and Development Economics Research (CIDER) Working Papers C92-004, University of California at Berkeley.

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