The European Structural and Investment Funds and Public Investment in the EU Countries

Karsten Staehr () and Katri Urke ()

No wp2022-3, Bank of Estonia Working Papers from Bank of Estonia

Abstract: Public investment is low and has declined in many EU countries since the global financial crisis. This paper estimates the effects of the various European Structural and Investment Funds (ESIF) on public investment in the EU countries. The analysis is run on annual data from 2000 to 2018 using dynamic panel data specifications. Funding from the Cohesion Fund, the EU’s facility for its less developed members, has an almost one-to-one effect on public investment in the short term and more in the longer term. Funding from the European Regional Development Fund may have some effect, but it cannot be estimated precisely. Other ESIF funds do not have predictive effects on public investment in the EU countries.

Keywords: public investment; structural and investment funds; EU (search for similar items in EconPapers)
JEL-codes: H54 H61 H77 (search for similar items in EconPapers)
Date: 2022-03-24, Revised 2022-03-24
New Economics Papers: this item is included in nep-eec
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Citations: View citations in EconPapers (9)

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Journal Article: The European structural and investment funds and public investment in the EU countries (2022)
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