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The impact of Objective 1 funds on regional growth convergence in the EU: a panel-data approach

[Zeitschriftenartikel]

Esposti, Roberto; Bussoletti, Stefania

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-133033

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Abstract This article investigates the impact of Objective 1 structural funds expenditure on EU regions by estimating an augmented conditional convergence econometric model. According to this model, growth convergence is influenced by the policy treatment, which affects the regional initial investment rate by interacting with other regional structural variables and eventually influencing its steady state level. The convergence model is specified in a dynamic panel-data form and estimated using a database of 206 EU15 regions observed from 1989 to 2000. A GMM estimation is applied to obtain consistent estimates of both parameter b and impact of the Objective 1 policies.
Klassifikation Europapolitik; Wirtschaftspolitik; Raumplanung und Regionalforschung
Freie Schlagwörter GMM Estimation; Objective 1; Panel-data; Regional Convergence; Structural Funds
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 159-173
Zeitschriftentitel Regional Studies, 42 (2008) 2
DOI http://dx.doi.org/10.1080/00343400601142753
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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