Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/204007 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
wiiw Working Paper No. 142
Verlag: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Zusammenfassung: 
In this paper, we empirically test the effects of the EU's 'cohesion policy' on the performance of 273,500 European manufacturing firms after combining regional policy data at NUTS 2 level with firm-level data. In a framework of heterogeneous firms and different absorptive capacity of regions, we show that the financing of 'cohesion policy' by the European Regional Development Fund (ERDF) aimed at direct investments in R&D correlates with an improvement of firms' productivity in a region. Conversely, funding aimed at overall Business Support correlates with negative productivity growth rates. In both cases, we registered an asymmetric impact along the firms' productivity distribution, where a stronger impact can be detected in the first quartile, i.e. less efficient firms in a region. We finally argue that considering the heterogeneity of firms allows a better assessment of the impact of 'cohesion policy' measures.
Schlagwörter: 
firm performance
total factor productivity
cross-country analysis
convergence
regional policy
JEL: 
D22
D24
E23
F15
L25
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
3.74 MB





Publikationen in EconStor sind urheberrechtlich geschützt.