This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers, while achieving regional redistribution, seem to...

This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...

Comparing the economic development and current situation of the internal markets of the U.S. and the EU, two things are noticeable. On the one hand, the EU is conducting massive regional policy programmes (notably the Structural Funds) to foster economic cohesion among the 27 nations belonging...

Despite its rather broad goal of promoting "economic, social and territorial cohesion", the existing literature has mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures is directly aimed at reducing disparities in the...

Der Fall Nokia hat in der Öffentlichkeit Empörung hervorgerufen und die Frage des Für und Wider von Subventionen für private Unternehmen aufgeworfen. Sind Investitionsförderungen durch Subventionen sinnvolle Standortpolitik, oder werden nur Mitnahmeeffekte erzielt? Christa Thoben,...

Im Gegensatz zum Finanzierungsbedarf der EU-Osterweiterung sind die realwirtschaftlichen Vor- und Nachteile empirisch nur schwer zu bestimmen. In diesem Beitrag stellen Dr. Björn Alecke und Dr. Gerhard Untiedt, Gesellschaft für Finanz- und Regionalanalysen (GEFRA), Münster, die Ergebnisse der...

In dem Beitrag wird untersucht, wie berechtigt die Sorgen im Hinblick auf die EU-Osterweiterung sind. Die Beitrittskandidaten für die EU sind ausnahmslos Transformationsländer. Ein zu starkes Wohlstandsgefälle innerhalb eines hoch integrierten Wirtschaftsraumes kann zu erheblichem...

Cohesion policy in the European Union (EU) has been widely accepted as a tool to advance the catch-up process, i.e., helping member countries with lower GDP per capita to grow faster economically in order to arrive at similarly high-income levels as member countries with higher GDP per capita....

A rational financial constitution of the EU should be able to fulfil redistributive objectives at minimum costs. The present financial system of the Community is not compatible with this requirement. After the decisions of the European Council in Berlin on the Agenda 2000 the fundamental flaw of...

Independent and high-quality evaluations of government policies are an important input for designing evidence-based policy. Lack of incentives and institutions to write such evaluations, on the other hand, carry the risk of turning the system into a costly beauty contest. We study one of the...