Which is the Right Dose of EU Cohesion Policy for Economic Growth?

Hagen, Tobias ; Mohl, Philipp

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URL: http://ub-madoc.bib.uni-mannheim.de/2180
URN: urn:nbn:de:bsz:180-madoc-21808
Document Type: Working paper
Year of publication: 2008
The title of a journal, publication series: None
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: I38 C21 R11 ,
Subject headings (SWD): Regionalförderung , Strukturfonds , Wirkungsanalyse , Regionales Wirtschaftswachstum , Europa
Keywords (English): EU structural funds , economic growth , continuous treatment , dose-response function
Abstract: The current empirical literature on the impact of EU Cohesion Policy on the economic growth rates of the European regions mainly relies on functional form assumptions. However, it is ex ante not clear which functional form is appropriate with regard to the relationship between structural funds payments and regional economic growth. In order to avoid such assumptions, this paper applies the method of generalized propensity score (GPS) to a sample of 122 NUTS-1 and NUTS-2 EU-15 regions for the time period 1995-2005, which leads to the estimation of a dose-response function, as proposed by Hirano and Imbens (2004). Our results indicate that structural funds payments have a positive, but not statistically signficant, impact on the regions' average three-year growth rates. This implies that it does not matter which "dose" of structural funds payments a region receives.
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