Abstract
This paper brings empirical evidence on the impact of EU structural policy on regional income growth. The case of Greece over the period 1990–2005 is taken as an example. This period is characterized by the acceleration of the European integration process, with a central role assigned to the EU structural support to less prosperous regions. Regional growth is approached through the estimation of β-convergence equations using panel methods of estimation. The empirical results reveal a positive impact of structural funds support on regional growth while income convergence is enhanced. In addition, a significant influence of spatial income and unemployment spillovers on regional income growth is evidenced, illustrating the recent growth performance in Greece. Our results leave ample room for European regional policy to operate for the promotion of growth and the reduction of regional disparities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.