Effects of EU Regional Policy: 1989-2013

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 und...

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Veröffentlicht in:Regional science and urban economics 2018-03, Vol.69, p.143-152
Hauptverfasser: Becker, Sascha O., Egger, Peter H., von Ehrlich, Maximilian
Format: Artikel
Sprache:eng
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Zusammenfassung: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.
ISSN:0166-0462
1879-2308
DOI:10.1016/j.regsciurbeco.2017.12.001