{"title":"EU regional policy and local economic growth: Does banking development matter?","authors":"Paolo Coccorese","doi":"10.1016/j.pirs.2024.100049","DOIUrl":null,"url":null,"abstract":"<div><p>In this paper we investigate the role of EU structural funds in promoting economic growth of Italian provinces (NUTS 3), and whether a more developed local banking sector may expedite the process. We focus on total value added growth for the period 2000–2019, and employ a panel growth regression approach where a measure of funds coming from EU public programs, and spent in a given province, is interacted with a variable measuring local banking development. Our empirical results show that areas receiving structural funds have relatively higher value added growth rates when local banking markets are more developed. This evidence is robust to alternative model specifications, and holds even when we employ spatial panel models so as to account for geographic spillovers between provinces.</p></div>","PeriodicalId":51458,"journal":{"name":"Papers in Regional Science","volume":"103 5","pages":"Article 100049"},"PeriodicalIF":2.4000,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1056819024000691/pdfft?md5=6a2ef13df574447dcf8e1ded704c8f8d&pid=1-s2.0-S1056819024000691-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Papers in Regional Science","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1056819024000691","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In this paper we investigate the role of EU structural funds in promoting economic growth of Italian provinces (NUTS 3), and whether a more developed local banking sector may expedite the process. We focus on total value added growth for the period 2000–2019, and employ a panel growth regression approach where a measure of funds coming from EU public programs, and spent in a given province, is interacted with a variable measuring local banking development. Our empirical results show that areas receiving structural funds have relatively higher value added growth rates when local banking markets are more developed. This evidence is robust to alternative model specifications, and holds even when we employ spatial panel models so as to account for geographic spillovers between provinces.
期刊介绍：
Regional Science is the official journal of the Regional Science Association International. It encourages high quality scholarship on a broad range of topics in the field of regional science. These topics include, but are not limited to, behavioral modeling of location, transportation, and migration decisions, land use and urban development, interindustry analysis, environmental and ecological analysis, resource management, urban and regional policy analysis, geographical information systems, and spatial statistics. The journal publishes papers that make a new contribution to the theory, methods and models related to urban and regional (or spatial) matters.
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