Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7383689 | Regional Science and Urban Economics | 2018 | 26 Pages |
Abstract
This paper analyzes the regional effects of EU Regional Policy during four programming periods: 1989-1993, 1994-1999, 2000-2006, 2007-2013. In particular, the focus is on the impact of transfers during the Financial and Economic Crisis and on the effects of gaining versus losing treatment status under the main Regional Policy subprogram - referred to as Objective 1 or Convergence Objective. We find that effects of Objective 1 status on growth are positive though not very long-lived: the effects of losing Objective 1 status on economic growth are negative, and the earlier positive effects on growth in the period(s) of Objective 1 treatment more or less undone. We show that the effects are weaker during the Crisis than before, in particular, on per-capita income in countries where the Crisis hit harder.
Keywords
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Authors
Sascha O. Becker, Peter H. Egger, Maximilian von Ehrlich,