In this paper, we estimate the aggregate and sectoral fiscal multipliers of EU Structural Investment (ESI) Funds and of … findings show that positive shocks to ESI Funds are followed by an increase in output that ranges from 1.2 percent on impact … particular, we find higher multipliers in a group of CEE countries that are important recipients of European funds and are …

Equity and efficiency justifications are found for the Community’s Structural Funds which are discovered to be …, then they may be misallocated by being tied to regional indicators. The recent doubling in size enhances the Funds’ ability …

first-round effects shows that EU funds may have led to a fiscal drag of up to 1 percent of GDP and an additional aggregate …

debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This … paper empirically assesses the relationship between the quality of public investment, capital grants, and growth in a sample … capital grants contribute positively to effective public investment, and the latter is significant in explaining variations in …

This paper focuses on EU structural and cohesion funds assistance to Bulgaria during the 2007–13 program period …

and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected …