Politiques de développement et croissance régionale en Europe: le rôle des rendements croissants et des dépendances spatiales

Rachel GUILLAIN (), Sandy Dall'erba () and Julie Le Gallo ()
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Rachel GUILLAIN: LEG - CNRS UMR 5118 - Université de Bourgogne

No 2007-02, LEG - Document de travail - Economie from LEG, Laboratoire d'Economie et de Gestion, CNRS UMR 5118, Université de Bourgogne

Abstract: This paper assesses the impact of structural funds on the manufacturing sector of 145 European regions in the context of a Verdoorn’s law for the period 1989-2004. Three main innovations are included. First, we pay attention to the nature of the cohesion objective under study. Second, the geographical linkages between regions are explicitly taken into account by using spatial econometric techniques. Third, potential endogeneity of explanatory variables is systematically checked. The results are in favour of increasing returns and of a significant but small and negative impact of funds.

Keywords: growth; regional policy; increasing returns; Europe; spatial econometrics (search for similar items in EconPapers)
JEL-codes: C14 O52 R11 R15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-geo and nep-ure
Date: 2007
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Persistent link: http://EconPapers.repec.org/RePEc:lat:legeco:2007-02

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