{"title":"The European structural and investment funds and public investment in the EU countries.","authors":"Karsten Staehr, Katri Urke","doi":"10.1007/s10663-022-09549-6","DOIUrl":null,"url":null,"abstract":"<p><p>Public investment is low and has declined in many EU countries since the global financial crisis. This paper estimates the effects of the various European Structural and Investment Funds (ESIF) on public investment in the EU countries. The analysis is run on annual data from 2000 to 2018 using dynamic panel data specifications. Funding from the Cohesion Fund, the EU's facility for its less developed members, has had an almost one-to-one effect on public investment in the short term, and more in the longer term. Funding from the European Regional Development Fund may have had some effect, but it cannot be estimated precisely. Funding from other ESIF funds does not seem to have been related to public investment in the EU countries.</p>","PeriodicalId":46526,"journal":{"name":"Empirica","volume":null,"pages":null},"PeriodicalIF":1.9000,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9615613/pdf/","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Empirica","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10663-022-09549-6","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2022/10/28 0:00:00","PubModel":"Epub","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
Public investment is low and has declined in many EU countries since the global financial crisis. This paper estimates the effects of the various European Structural and Investment Funds (ESIF) on public investment in the EU countries. The analysis is run on annual data from 2000 to 2018 using dynamic panel data specifications. Funding from the Cohesion Fund, the EU's facility for its less developed members, has had an almost one-to-one effect on public investment in the short term, and more in the longer term. Funding from the European Regional Development Fund may have had some effect, but it cannot be estimated precisely. Funding from other ESIF funds does not seem to have been related to public investment in the EU countries.
期刊介绍：
Empirica is a peer-reviewed journal, which publishes original research of general interest to an international audience. Authors are invited to submit empirical papers in all areas of economics with a particular focus on European economies. Per January 2021, the editors also solicit descriptive papers on current or unexplored topics.
Founded in 1974, Empirica is the official journal of the Nationalökonomische Gesellschaft (Austrian Economic Association) and is published in cooperation with Austrian Institute of Economic Research (WIFO). The journal aims at a wide international audience and invites submissions from economists around the world.
Officially cited as: Empirica
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