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Regional growth in Europe: The role of European and national policies
Orientador(es)
Resumo(s)
We conduct a systematic study of the impact of European Union (EU) regional
policies on regional economic growth that controls for national policies and geographic
characteristics. Special care is taken in distinguishing between the impact of EU policies
and of national policies on economic growth. Our empirical study tries to answer two
different questions. First, is there convergence across EU regions, and if so, do regions
converge to a common European steady-state or to a national one? Second, how do
European and national policies affect regional growth? We find evidence of regional
convergence at the national level but not at the European level. In addition we find that
trade openness at the national level is associated with regional convergence while
European regional policies contribute, though weakly, to regional convergence. Our
results suggest that policies that foster market integration – and convergence to a
common steady-state - such as the promotion of labour and capital movements across
countries and common regulatory policies are as important for European-wide regional
convergence as regional structural funds.
Descrição
Palavras-chave
National policies European Union policies Regional growth