English, Article, Journal or magazine article edition: The role of fiscal transfers for regional economic convergence in Europe. Cristina Checherita; Christiane Nickel; Philipp Rother

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Bookmark: http://trove.nla.gov.au/version/211412
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The role of fiscal transfers for regional economic convergence in Europe.
Author
  • Cristina Checherita
  • Christiane Nickel
  • Philipp Rother
Physical Description
  • preprint
Notes
  • This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers, while achieving regional redistribution, seem to impede output growth and promote an "immiserising convergence" - output growth rates in poor receiving regions decline by less than in rich paying regions. EU structural and cohesion funds spent during 1994-1999 had a positive, but slight, impact on future economic growth, mainly through the human development component. JEL Classification: E62, R11, R23.
  • Fiscal policy, convergence, regional economic growth, regional migration.
  • RePEc:ecb:ecbwps:200901029
Language
  • English
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