The Effect of Structural Fund Spending on the Spanish Regions: An Assessment of the 1994-99 Objective 1 CSF

Angel de La Fuente ()

No 3673, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This Paper analyses the growth and employment effects of the 1994-99 Community Support Framework (CSF) for the Objective 1 Spanish regions, using a simple supply-side model estimated with a panel of regional data. The results suggest that the impact of the Structural Funds in Spain has been quite sizeable, adding around a percentage point to annual output growth in the average Objective 1 region, and 0.4 points to employment growth. Over the period 1994-2000, the Framework has resulted in the creation of over 300,000 new jobs and has eliminated 20% of the initial gap in income per capita between the assisted regions and the rest of the country.

Keywords: Structural funds; Regional policy; Infrastructure (search for similar items in EconPapers)
JEL-codes: E62 H50 R58 (search for similar items in EconPapers)
Date: 2002-12
New Economics Papers: this item is included in nep-geo
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Citations: View citations in EconPapers (21)

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Working Paper: The effect of Structural Fund spending on the Spanish regions: an assessment of the 1994-99 Objective 1 CSF (2002)
Working Paper: The effect of Structural Fund spending on the Spanish regions: an assessment of the 1994-99 Objective 1 CSF
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