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https://doi.org/10.18335/region.v5i3.195
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Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
[journal article]
Abstract European Union regional policy is implemented through structural funds, such as the European Regional Development Fund (ERDF), which support investment in peripheral regions of the EU. We studied the effects of EU regional policy on key economic variables using a rare natural experiment setting. In ... view more
European Union regional policy is implemented through structural funds, such as the European Regional Development Fund (ERDF), which support investment in peripheral regions of the EU. We studied the effects of EU regional policy on key economic variables using a rare natural experiment setting. In 2007, parts of regions that were previously covered by the ERDF programme for Western Finland were reallocated to the ERDF programme for Northern Finland, with higher support intensity per capita. This area reallocation was caused by the newly adopted EU legislation regulating the classification of regional statistical areas. With a detailed postal code area dataset and a difference-in-differences estimator, we discovered desirable regional policy effects on unemployment and the number of jobs.... view less
Keywords
EU; regional policy; policy studies; European Structural Funds; regional development; regional promotion; growth; Finland
Classification
Area Development Planning, Regional Research
European Politics
Free Keywords
Microeconometrics
Document language
English
Publication Year
2018
Page/Pages
p. 1-19
Journal
Region: the journal of ERSA, 5 (2018) 3
ISSN
2409-5370
Status
Published Version; peer reviewed