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- W2183447553 abstract "In this paper we study the effects of the European Union regional policy on growth and convergence of productivity. We constructed a large database on Structural and Cohesion funds by gathering information on three programming periods: 1975-1988, 1989-1993, 1994-1999. On average, EU funding had a positive, but concave, effect on productivity growth. However, by separately considering the three programming periods and the composition of the funds according to the objectives defined by the EU, we find that: i) only the funds allocated in the third programming period, when they remarkably increased, had a significant impact; and ii) only Objective 1 and Cohesion funds played a significantly positive effect, while funds devoted to Objectives 2, 3, 4 and 5 had a non significant or small effect. These results indicate that funding became effective when it reached a critical level, and that the funds allocated to Objectives different from Objective 1 and Cohesion Funds may hinder the efficient reallocation of resources across sectors in European regions." @default.
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- W2183447553 date "2009-01-01" @default.
- W2183447553 modified "2023-09-26" @default.
- W2183447553 title "Productivity Convergence across European Regions: the Effect of Structural and Cohesion Funds" @default.
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