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The asymmetric influence of structural funds on regional growth in Greece

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  • Alexandra Sotiriou
  • Maria Tsiapa

Abstract

In this paper we aim to explore the conditioning effect of structural funds (SF) on regional growth in Greece for the period 1994–2006 by detecting if the ability of regions to convert any financial aid into welfare gains is related to certain region-specific characteristics. The analysis shows that, albeit that important financial aid has been channelled to the less-developed regions, the most advanced regions seem to have benefited more from it. Furthermore, we divide the SF into expenditure categories and conclude that the SF have a positive impact on growth only for those regions in which the regions’ endowments are related to the expenditure received. This interaction of the expenditure categories with the characteristics of the recipient region accentuates the role of the ‘identity’ of each region to the impact of SF on regional growth, thereby signifying valuable policy implications.

Suggested Citation

  • Alexandra Sotiriou & Maria Tsiapa, 2015. "The asymmetric influence of structural funds on regional growth in Greece," Environment and Planning C, , vol. 33(4), pages 863-881, August.
    • Handle: RePEc:sae:envirc:v:33:y:2015:i:4:p:863-881
    DOI: 10.1177/0263774X15603905
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    2. Marco Di Cataldo & Vassilis Monastiriotis, 2020. "Regional needs, regional targeting and regional growth: an assessment of EU Cohesion Policy in UK regions," Regional Studies, Taylor & Francis Journals, vol. 54(1), pages 35-47, January.
    3. Andrés Rodríguez-Pose & Alexandra Sotiriou, 2021. "Trading with richer and poorer countries: trade integration and regional inequality in Greece," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(3), pages 697-725, December.
    4. Marco Di Cataldo & Vassilis Monastiriotis & Andres Rodriguez-Pose, 2020. "How ‘smart’ are Smart Specialisation strategies?," Papers in Evolutionary Economic Geography (PEEG) 2052, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2020.
    5. Gianluigi Coppola & Sergio Destefanis & Giorgia Marinuzzi & Walter Tortorella, 2021. "Regional policies and sectoral outputs in the Italian regions. A multi-input multi-output counterfactual approach," Discussion Paper series in Regional Science & Economic Geography 2021-08, Gran Sasso Science Institute, Social Sciences, revised May 2021.
    6. Marco Di Cataldo & Vassilis Monastiriotis & Andrés Rodríguez‐Pose, 2022. "How ‘Smart’ Are Smart Specialization Strategies?," Journal of Common Market Studies, Wiley Blackwell, vol. 60(5), pages 1272-1298, September.
    7. Marco Di Cataldo & Elena Renzullo, 2024. "EU Money and Mayors: Does Cohesion Policy affect local electoral outcomes?," Working Papers 2024: 02, Department of Economics, University of Venice "Ca' Foscari".
    8. Marco Di Cotaldo & Vassilis Monastiriotis & Andres Rodriguez-Pose, 2020. "Populism Amidst Prosperity: How ‘smart’ are Smart Specialisation strategies?," LEQS – LSE 'Europe in Question' Discussion Paper Series 162, European Institute, LSE.
    9. Marco Di Cataldo & Vassilis Monastiriotis, 2018. "An assessment of EU Cohesion Policy in the UK regions: direct effects and the dividend of targeting," LEQS – LSE 'Europe in Question' Discussion Paper Series 135, European Institute, LSE.

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