The long and winding road to find the impact of EU funds on regional growth: IV and spatial analyses
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7 juillet 2023
- handle: 10670/1.7219m3
- hal: hal-04272335
- doi: 10.1080/00343404.2023.2217214
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info:eu-repo/semantics/altIdentifier/doi/10.1080/00343404.2023.2217214
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Jan Fidrmuc et al., « The long and winding road to find the impact of EU funds on regional growth: IV and spatial analyses », HAL-SHS : économie et finance, ID : 10.1080/00343404.2023.2217214
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Résumé
We contribute to the analysis of the impact of European Union funds on European regional development. We find that the European funds have a significantly positive effect on regional economic growth in the European Union. This result is obtained both with ordinary least squares (OLS), and with two-stage least squares (2SLS) using the presence of environmentally protected areas as an instrument. Furthermore, we find that interregional spillovers are important: a significant part of the favourable effect seems to take place in nearby regions rather than in the recipient region.