Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322627 
Year of Publication: 
2003
Series/Report no.: 
Discussion Papers Series No. 03-14
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
Structural funds are the most intensively used policy instrument by the European Union to promote economic growth in its member states and to speed up the process of convergence. This paper empirically explores the effectiveness of European Structural Funds by means of a panel data analysis for 13 countries in the European Union. We show that – on average – Structural Funds are ineffective. For countries with high-quality institutions, however, Structural Funds are effective. This result is obtained for several proxies for institutional quality and is robust for different estimation techniques (OLS, period- and country-specific fixed effects and dynamic panel data models).
Subjects: 
European Cohesion Policy
policy effectiveness
economic growth
European Union
Document Type: 
Working Paper

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