Regional Convergence, Structural Funds and the Role of Agricolture in the EU. A Panel-Data Approach

Stefania Bussoletti and Roberto Esposti
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Stefania Bussoletti: [n.a.]

No 220, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: This article investigates the impact of structural funds expenditure on EU regions by estimating a conditional convergence econometric model. According to this model, regional convergence is affected by both the policy treatment and the regional economic structure proxied by the agriculture employment share, which affects regional steady state level by influencing its aggregate productivity. The convergence model is specified in a dynamic panel-data form on a dataset of 206 NUTS II EU15 regions observed over more than 10 years (from 1989 to 2000). A GMM estimation is applied to obtain consistent estimates of both the á parameter and the impact of the regional policies and agriculture employment share.

Keywords: GMM estimation; agriculture employment; panel-data; regional convergence; structural funds (search for similar items in EconPapers)
JEL-codes: O13 Q10 R11 R58 (search for similar items in EconPapers)
Pages: 30
Date: 2004-10
New Economics Papers: this item is included in nep-geo
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:220

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