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作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.69,P.143-152

语言

英文

关键字

Regional transfers; Local average treatment effects; European Union; REGRESSION DISCONTINUITY DESIGN; GROWTH

作者单位

[Becker, Sascha O.] Univ Warwick, Dept Econ, U Warwick, GAGE,CEPR,CESifo,Ifo, Coventry CV4 7AL, W Midlands, England. [Becker, Sascha O.] Univ Warwick, Dept Econ, IZA, Coventry CV4 7AL, W Midlands, England. [Egger, Peter H.] Univ Nottingham, Leverhulme Ctr Res Globalisat & Econ Policy GEP, Fed Reserve Bank Dallas, ETH Zurich,CAGE,CEPR,CESifo, Nottingham, England. [Egger, Peter H.] Univ Oxford, Ctr Business Taxat OUCBT, ETH Zurich, KOF, Weinbergstr 35,WEH E6, CH-8092 Zurich, Switzerland. [von Ehrlich, Maximilian] Univ Bern, Dept Econ, CESifo, CAGE,CRED,U Bern, Schanzeneckstr 1, CH-3001 Bern, Switzerland. Becker, SO (reprint author), Univ Warwick, Dept Econ, U Warwick, GAGE,CEPR,CESifo,Ifo, Coventry CV4 7AL, W Midlands, England.; Becker, SO (reprint author), Univ Warwick, Dept Econ, IZA, Coventry CV4 7AL, W Midlands, England. E-Mail: s.o.becker@warwick.ac.uk; egger@kof.ethz.ch; maxmilian.vonehrlich@vwi.unibe.ch

摘要

This paper analyzes the regional effects of EU Regional Policy during four programming periods: 1989-1993, 1994-1999, 2000-2006, 2007-2013. In particular, the focus is on the impact of transfers during the Financial and Economic Crisis and on the effects of gaining versus losing treatment status under the main Regional Policy subprogram - referred to as Objective 1 or Convergence Objective. We find that effects of Objective 1 status on growth are positive though not very long-lived: the effects of losing Objective 1 status on economic growth are negative, and the earlier positive effects on growth in the period(s) of Objective 1 treatment more or less undone. We show that the effects are weaker during the Crisis than before, in particular, on per-capita income in countries where the Crisis hit harder.