Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/117011
Authors: 
Bjorvatn, Kjetil
Coniglio, Nicola Daniele
Year of Publication: 
2004
Series/Report no.: 
44th Congress of the European Regional Science Association: "Regions and Fiscal Federalism", 25th - 29th August 2004, Porto, Portugal
Abstract: 
The most important policy instrument to promote regional development in the European Union is Strucutral Funds, covering approximately a third of the EU budget. An empirical analysis demonstrates that these funds have on average been ineffective in speeding up the process of convergence with in the European Union. Only in countries with sufficiently good institutions have these funds contributed positively to regional development. Our analysis attempts to shed light on how investment subsidies may create industrialization, and more importantly, how poor quality institutions may prevent this strategy from succeeding. JEL codes: Keywords: Regional policy, rent seeking, industrialization
Subjects: 
Regional policy
rent seeking
industrialization
Document Type: 
Conference Paper

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