Are we spending too much to grow? The case of Structural Funds

Cerqua, A. and Pellegrini, G. 2018. Are we spending too much to grow? The case of Structural Funds. Journal of Regional Science. 58 (3), pp. 535-563. doi:10.1111/jors.12365

TitleAre we spending too much to grow? The case of Structural Funds
AuthorsCerqua, A. and Pellegrini, G.
Abstract

We evaluate whether the impact of EU Structural and Cohesion Funds (EUF) on Member States’ regional economic growth depends on the intensity of treatment, measured by the normalized amount of funds distributed in each region. We use an original dataset that covers all the main sources of EUF and extend the regression discontinuity design to the case of continuous treatment. The results suggest an average positive effect on regional growth. The estimated conditional intensity-growth function is concave and presents a maximum value. Therefore, the exceeding funds could have been allocated to other lagging regions without reducing the effect on growth.

KeywordsEU Structural and Cohesion Funds; intensity of treatment; continuous regression discontinuity design
JournalJournal of Regional Science
Journal citation58 (3), pp. 535-563
ISSN0022-4146
Year2018
PublisherWiley
Accepted author manuscriptAre we spending too much to grow - ACCEPTED VERSION.pdf
Digital Object Identifier (DOI)doi:10.1111/jors.12365
Publication dates
Published online26 Oct 2017
Published26 Oct 2017
Published in printJun 2018

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