Do EU structural funds promote regional growth?: New evidence from various panel data approaches
This paper analyses the economic growth effects of EU structural funds extending the current literature by at least three aspects: Firstly, we make use of a new structural funds dataset of 126 NUTS-1/NUTS-2 regions as well as more precise measures of structural funds by distinguishing between Object...
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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
25 March 2010
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| In: |
Regional science and urban economics
Year: 2010, Volume: 40, Issue: 5, Pages: 353-365 |
| ISSN: | 1879-2308 |
| DOI: | 10.1016/j.regsciurbeco.2010.03.005 |
| Subjects: | |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.regsciurbeco.2010.03.005 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0166046210000141 
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| Author Notes: | P. Mohl, T. Hagen |
| Summary: | This paper analyses the economic growth effects of EU structural funds extending the current literature by at least three aspects: Firstly, we make use of a new structural funds dataset of 126 NUTS-1/NUTS-2 regions as well as more precise measures of structural funds by distinguishing between Objective 1, 2, and 3 payments. In doing so, we include the Financial Perspective 2000-2006, which has not been analysed before. Secondly, we address the problem of endogeneity in a panel context by basing the identification on internal instruments via a system GMM estimator. Finally, we control for spatial spillover effects by applying a spatial panel econometric estimator. Our results show that Objective 1 payments in particular do, in fact, promote regional economic growth, whereas the total amount of Objectives 1, 2, and 3 do not have a positive and significant impact on the EU regions' growth rates. |
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| Item Description: | Gesehen am 28.04.2023 |
| Physical Description: | Online Resource |
| ISSN: | 1879-2308 |
| DOI: | 10.1016/j.regsciurbeco.2010.03.005 |