Regional Community Policy: Does Aid Received from the EU Displace Funding by Member States?

IF 0.7 4区经济学 Q3 ECONOMICS

Hacienda Publica Espanola-Review of Public Economics Pub Date : 2018-03-01 DOI:10.7866/HPE-RPE.18.1.3

Cristina García Nicolás, José M Cantos

引用次数: 1

Abstract

The implementation of the EU regional policy has been characterized by the establishment of multian¬nual public investment programs in the Member States that are co-financed by the EU through mat¬ching grants. According to the additionality principle, governments receiving aid should increase their financial efforts in relation to the pre-existing situation. Using data on the implementation of regional policy, this paper has two aims: to verify whether Community aid displaces local funds for public in¬vestment, and to uncover whether there is endogenous behaviour regarding Community aid as a result of local political processes. We have obtained evidence that funding from the EU crowd-out local fi¬nancing of public investment. On the other hand, although there is some evidence of an endogenous behaviour of Community aid, we find that this endogeneity is not statistically significant.

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区域共同体政策:来自欧盟的援助是否取代了成员国的资金?

欧盟区域政策的实施特点是在成员国建立多年度公共投资计划，这些计划由欧盟通过赠款共同资助。根据额外性原则，接受援助的政府应针对先前存在的情况加大财政努力。利用区域政策执行情况的数据，本文有两个目的：验证社区援助是否取代了地方公共投资资金，以及揭示地方政治进程是否导致了社区援助的内生行为。我们已经获得证据表明，来自欧盟的资金排挤了当地的公共投资融资。另一方面，尽管有一些证据表明社区援助存在内生行为，但我们发现这种内生性在统计上并不显著。

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

Hacienda Publica Espanola-Review of Public Economics Economics, Econometrics and Finance-Finance

CiteScore

0.90

自引率

14.30%

发文量

期刊介绍： Hacienda Pública Española/Review of Public Economics welcomes submissions on all areas of public economics. We seek to publish original and innovative research, applied and theoretical, related to the economic analysis of Government intervention. For example, but not exclusively: Taxation, Redistribution, Health, Education, Pensions, Governance, Fiscal Policy and Fiscal Federalism. In addition to regular submissions, the journal welcomes submissions of: -Survey Reviews, containing surveys of the literature regarding issues of interest in the Public Economics field; -Policy oriented reviews, showing the current contributions of Public Economics in relation to relevant contemporary issues affecting public decision-makers in the real world (Policy Watch); -Comments of previously published articles. Contributions to this section should be limited to a maximum of 2 000 words (12 pages). If deemed adequate, the authors of the commented article will be given the opportunity to react in a Reply. Both Comment and Reply will be published together. Articles for the Survey Reviews and Policy Watch section are subject to the same double blind reviwing procedure. The adequacy of Comments submitted for publication will be evaluated by the Executive Editors.