Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153463
Authors: 
Checherita-Westphal, Cristina
Nickel, Christiane
Rother, Philipp
Year of Publication: 
2009
Series/Report no.: 
ECB Working Paper 1029
Abstract: 
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.
Subjects: 
convergence
Fiscal Policy
regional economic growth
regional migration
JEL: 
E62
R11
R23
Document Type: 
Working Paper

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