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

Arbeitspapier

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 pay- ments 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 significant, 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 08-104

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: EU structural funds ; economic growth ; continuous treatment ; dose-response function ; EU-Regionalfonds ; EU-Strukturfonds ; Wirtschaftspolitische Wirkungsanalyse ; Regionales Wachstum ; EU-Staaten ; dose-response function

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mohl, Philipp ; Hagen, Tobias
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/27586
• Last update: 10.03.2025, 11:45 AM CET