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DeFiPP Research Seminar-Fabio Canova (BI Norwegian Business School)

The macroeconomic effects of EU Structural funds

Catégorie : conférence/cours/séminaire (spécialisé)
Date : 21/02/2023 16:00 - 21/02/2023 17:15
Lieu : E33
Orateur(s) : Fabio Canova
Organisateur(s) : Romain Houssa

Abstract

We 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 three years. The European Social Fund (ESF) has insignificant average impact effects, but the medium-term effect is positive and economically important. There are
heterogeneities in terms of location, level of development, EU tenure, Euro area membership, and national borders. The reaction of regional government expenditure to shocks accounts for
the differences. The implications for the EU Recovery and Resilience Facility are discussed.

 

Contact : Romain Houssa - romain.houssa@unamur.be
Télecharger : vCal