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The European structural and investment funds and public investment in the EU countries

Author

Listed:
  • Karsten Staehr

    (Bank of Estonia
    Tallinn University of Technology)

  • Katri Urke

    (Bank of Estonia
    Tallinn University of Technology)

Abstract

Public investment is low and has declined in many EU countries since the global financial crisis. This paper estimates the effects of the various European Structural and Investment Funds (ESIF) on public investment in the EU countries. The analysis is run on annual data from 2000 to 2018 using dynamic panel data specifications. Funding from the Cohesion Fund, the EU’s facility for its less developed members, has had an almost one-to-one effect on public investment in the short term, and more in the longer term. Funding from the European Regional Development Fund may have had some effect, but it cannot be estimated precisely. Funding from other ESIF funds does not seem to have been related to public investment in the EU countries.

Suggested Citation

  • Karsten Staehr & Katri Urke, 2022. "The European structural and investment funds and public investment in the EU countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(4), pages 1031-1062, November.
    • Handle: RePEc:kap:empiri:v:49:y:2022:i:4:d:10.1007_s10663-022-09549-6
    DOI: 10.1007/s10663-022-09549-6
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    Cited by:

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    3. McQuinn, Kieran & O'Toole, Conor & Kenny, Eoin & Hauser, Lea, 2023. "Quarterly Economic Commentary, Autumn 2023," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC2023AUT, march.
    4. Lubica Stiblarova, 2024. "Transmission channels of the cohesion policy: direct and indirect effects on EA synchronicity," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(2), pages 379-402, May.
    5. Tiganasu, Ramona & Lupu, Dan, 2023. "Institutional quality and digitalization: Drivers in accessing European funds at regional level?," Socio-Economic Planning Sciences, Elsevier, vol. 90(C).
    6. Brenda-Andreea Piuaru & Bianca Tescașiu & Gheorghe Epuran & Mihaela Hrisanta Mosora & Ioana Simona Ivasciuc, 2024. "Information Asymmetry in the European Funds Market: Impact on Resource Allocation and Sustainable Development," Sustainability, MDPI, vol. 16(24), pages 1-30, December.
    7. Adrian ANDRONIC, 2023. "Challenges And Funding Strategies For Digital Education In European Primary Schools," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 9(1), pages 119-138, June.
    8. Carmen Elena Anton & Alexandra Zamfirache & Ruxandra-Gabriela Albu & Titus Suciu & Sergiu Mihai Sofian & Oana-Andreea Ghiță-Pîrnuță, 2024. "Sustainable Entrepreneurship: Romanian Entrepreneurs’ Funding Sources in the Present-Day Context of Sustainability," Sustainability, MDPI, vol. 16(2), pages 1-29, January.
    9. Peter Nemec & Matus Kubak, 2024. "Evaluating the value for money in procurement for EU-funded projects: the perspectives of Slovak regional and local authorities," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.

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    More about this item

    Keywords

    Public investment; Structural and investment funds; EU;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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