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Competitio

Vol. 7 No. 1 (2008)
Papers

Examination of the effect of financial transfers within the European Union

Published:
2008-06-16
DOI Linkhttps://doi.org/10.21845/comp/2008/1/6
Author
Zsuzsanna Tron
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PDF (Hungarian)
How To Cite
Selected Style: APA
Tron, Z. (2008). Examination of the effect of financial transfers within the European Union. Competitio, 7(1), 83-102. https://doi.org/10.21845/comp/2008/1/6
Abstract

It is a common view that financial transfers within the European Union have a significant effect on economic growth. Model simulations, sponsored by the European Commission, seem to confirm this supposition. The econometric analyses evaluating the actual impact of the funds, however, yields a dismal picture on the additional growth and convergence effects of financial transfers. This study's goal is to find the reason why the outcomes differ so much. First, we present the main types and the underlying logic of the evaluation methods of EU regional policy. This is followed by a review of the lessons learnt from the specific evaluation methodologies including case-studies, general equilibrium models, and regression analyses. Our conclusion is that the main objectives of the European regional policy prevailed only to a limited extent, which is mainly due to crowding out effects, rent-seeking, inefficient allocation and moral hazard.

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