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Título

The effect of Structural Fund spending on the Spanish regions: an assessment of the 1994-99 Objective 1 CSF

AutorFuente, Ángel de la
Palabras claveStructural funds
Regional policy
Infrastructures
Fecha de publicación25-sep-2002
SerieUFAE and IAE Working Papers
538.02
ResumenThis paper analyzes 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 sizable, 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.
URIhttp://hdl.handle.net/10261/1875
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