Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28112
Authors: 
Hagen, Tobias
Mohl, Philipp
Year of Publication: 
2009
Series/Report no.: 
ZEW Discussion Papers 09-051
Abstract: 
The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about the channels through which this policy field works. Using a dataset of 27 EU countries for the time period 1982-2006, we find that EU Cohesion Policy payments do not cause public investments to increase significantly, which points to a crowding out of national investment. Moreover, the hypothesis that EU Cohesion Policy is used for the consolidation of public budgets cannot be completely rejected.
Subjects: 
EU Cohesion Policy
public investment
public deficits
panel data
JEL: 
C23
H54
H62
Document Type: 
Working Paper

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