The Macroeconomic Effects of EU Regional Structural Funds

IF 3.9 2区经济学 Q1 ECONOMICS

Journal of the European Economic Association Pub Date : 2024-04-22 DOI:10.1093/jeea/jvae031

Fabio Canova

引用次数: 0

Abstract

I examine the macroeconomic effects of two EU regional structural funds. The European regional development fund (ERDF) has positive short term average consequences, but gains typically dissipate within three years. The European Social Fund (ESF) has insignificant average short term effects, but the medium term effect is positive and economically important. There are regional heterogeneities in terms of location, level of development, EU tenure, Euro area membership, and national borders. The reaction of regional government expenditure to shocks in the structural funds accounts for the differences. The implications for the EU Recovery and Resilience Facility are discussed.

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欧盟地区结构基金的宏观经济效应

我研究了两个欧盟地区结构基金的宏观经济效应。欧洲地区发展基金（ERDF）具有积极的短期平均效应，但收益通常会在三年内消失。欧洲社会基金（ESF）的短期平均效应不显著，但中期效应是积极的，具有重要的经济意义。各地区在地理位置、发展水平、欧盟任期、欧元区成员资格和国界等方面存在差异。地区政府支出对结构基金冲击的反应是造成差异的原因。本文还讨论了欧盟恢复和复原机制的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of the European Economic Association ECONOMICS-

CiteScore

7.80

自引率

2.80%

发文量

期刊介绍： Journal of the European Economic Association replaces the European Economic Review as the official journal of the association. JEEA publishes articles of the highest scientific quality and is an outlet for theoretical and empirical work with global relevance. The journal is committed to promoting the ambitions of the EEA: the development and application of economics as a science, as well as the communication and exchange between teachers, researchers and students in economics.