Regional growth, national context and the European Structural Funds: an empirical appraisal

Regional convergence and the impact of European structural funds over 1989–1999: A spatial econometric analysis

“…The approach by development objective is also adopted by Fayolle and Lecuyer (2000). They conclude that within an assisted country, the wealthiest regions are the ones that benefit the most from structural funds.…”

“…With the exception of Fayolle and Lecuyer (2000) who use a catching‐up model, and some estimates in Rodriguez‐Pose and Fratesi (2004), all the studies above are based on the neoclassical growth model described in Barro and Sala‐i‐Martin (1995). This model, also called β ‐convergence model, has been largely documented in the literature 3 .…”

“…Indeed, some studies do not find a significant impact of the funds (Garcia‐Mila and McGuire 2001), or it is very modest (De la Fuente and Vives 1995; Rodriguez‐Pose and Fratesi 2002, 2004). Some find that there is only a significant impact when it is delayed (Beugelsdijk and Eijffinger 2005) or conditional to country dummies (Fayolle and Lecuyer 2000). Ederveen et al.…”

European integration, productivity growth and real convergence

“…Empirical evidence on the effectiveness of Structural and Cohesion Funds on growth can best be described as mixed, however. Besides the work of the European Commission (2001), Fayolle and Lecuyer (2000), Solanes and Ramon (2002) and Beugelsdijk and Eijffinger (2003) find a statistically significant effect of Structural and Cohesion Funds on 4 As far as cross-country studies, Durham (2004), Carkovic and Levine (2002) and Alfaro et al (2004) find that it is difficult to find a robust relationship between FDI and economic growth. Furthermore, they show that the effect of FDI on growth depends on the ''absorptive capacity'' of the home country.…”

La convergencia regional en la Unión Europea: un análisis para el periodo 1995–2007

“…Sin embargo, Cuadrado-Roura (2001) señala que el proceso convergente se comienza a agotarse a mediados de los años 70, mostrando una evolución extraordinariamente lenta. Otros trabajos también apuntan la ausencia de convergencias significativas durante dicho periodo Fayolle y Lecuyer (2000), Boldrin y Canova (2000) y Cappelen et al (2002). Finalmente, un tercer grupo de trabajos muestra que las regiones europeas presentan comportamientos divergentes durante dicho periodo (López-Bazo et al, 1999;Magrini, 1998;Cheshire & Magrini, 2000;Rodríguez-Pose y Petrakos, 2004).…”