In this paper we investigate whether long run time series of income per capita are better described by a trend-stationary model with few structural changes or by unit root processes in which permanent stochastic shocks are responsible for the observed growth discontinuities. To this purpose, we...

The evidence presented in this article suggests that EU regional support has a significant and positive impact on the growth performance of European regions. Moreover, there are signs of a change in the impact of this support in the 1990s, indicating that the major reform of the structural funds...