Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2002-10-07
Number: 02-096/3
Author-Name: Sjef Ederveen
Author-Email: ederveen@cpb.nl
Author-Workplace-Name: CPB Netherlands Bureau for Economic Policy Analysis
Author-Name: Henri L.F. de Groot
Author-Email: hgroot@feweb.vu.nl
Author-Workplace-Name: Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam
Author-Name: Richard Nahuis
Author-Email: nahuis@cpb.nl
Author-Workplace-Name: CPB Netherlands Bureau for Economic Policy Analysis
Title: Fertile Soil for Structural Funds?
Abstract: Structural funds are the most intensively used policy instrument by the EuropeanUnion to promote economic growth in its member states and to speed up the process ofconvergence. This paper empirically explores the effectiveness of European Structural Fundsby means of a panel data analysis for 13 countries in the European Union. We show that – onaverage – Structural Funds are ineffective. For countries with the ‘right’ institutions,however, Structural Funds are effective. The latter result is obtained for a wide range ofconditioning variables, such as openness, institutional quality, corruption and indicatorsfor good governance.
Classification-JEL: F35; F36; O11; O40; O52; R58.
Keywords: European Cohesion Policy; policy effectiveness; economic growth; European Union.
File-Url: https://papers.tinbergen.nl/02096.pdf
File-Format: application/pdf
File-Size: 153959 bytes
Handle: RePEc:tin:wpaper:20020096