Temporarily Withdrawn The Macroeconomic Effects of EU Regional Structural Funds (Withdrawn Publication)

• 成果类型: Article; Withdrawn Publication
• 署名作者: [Anonymous]
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1093/jeea/jvae031
• 发表日期: 2024
• 页码: 327-360
• 关键词: monetary union evidence; fiscal stimulus; multipliers

摘要

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 3 years. The European Social Fund 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.