Arbeitspapier
Effects of policy mix on European regional convergence
This paper analyses the impact of the fiscal-monetary policy mix on the convergence on per capita income of the least developed regions (Objective 1) of the European Union (EU 28) during the implementation of the three European Structural and Investment Funds (ESIF) programmes between 2000 and 2020. The Solow-Swan growth model with control variables allows us to assess the absorption capacity of regions in the different phases of the economic cycle. The empirical results show the effectiveness of EU Regional and Cohesion Policy. However, the combination of fiscal and monetary policy shows an impact that is asymmetric, depending on the region. Thus, a policy mix of fiscal restraint and monetary expansion would boost growth in all regions, but would slow down the convergence process in Objective 1 regions.
- Sprache
-
Englisch
- Erschienen in
-
Series: EconPol Working Paper ; No. 73
- Klassifikation
-
Wirtschaft
- Thema
-
convergence
ESIF
policy mix
spatial dependence
asymmetric impact
- Ereignis
-
Geistige Schöpfung
- (wer)
-
López-Bravo, Ignacio Sacristán
San Juan Mesonada, Carlos
- Ereignis
-
Veröffentlichung
- (wer)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (wo)
-
Munich
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- López-Bravo, Ignacio Sacristán
- San Juan Mesonada, Carlos
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Entstanden
- 2022
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