Econometric evaluation of EU Cohesion Policy : a survey


Hagen, Tobias ; Mohl, Philipp


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URL: http://ub-madoc.bib.uni-mannheim.de/2475
URN: urn:nbn:de:bsz:180-madoc-24755
Document Type: Working paper
Year of publication: 2009
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: C23 C21 R11 R10 ,
Subject headings (SWD): Europäische Union , Europäischer Fonds für Regionale Entwicklung , Regionalpolitik , Wirkungsanalyse , Ökonometrie , Panel
Keywords (English): economic integration , regional growth , EU Cohesion Policy , panel data , spatial econometrics
Abstract: More than one third of the European Union's total budget is spent on socalled Cohesion Policy via the structural funds. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of the various European regions. Investigating the impact of European Cohesion Policy on economic growth and convergence is a wide research topic in applied econometric research. Nevertheless, the empirical evidence has provided mixed, if not contradictory, results. Against this background, the aim of this chapter is to provide a fundamental review on this topic. Taking fundamental methodological issues into account, we review the existing econometric evaluation studies, draw several conclusions and provide some remarks for future research.
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