Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland

European Union regional policy is implemented through structural funds, such as the European Regional Development Fund (ERDF), which support investment in peripheral regions of the EU. We studied the effects of EU regional policy on key economic variables using a rare natural experiment setting. In...

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Bibliographic Details
Main Author: Vehkasalo, Ville
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Northern Finland
Online Access:http://openjournals.wu.ac.at/ojs/index.php/region/article/view/195
id ftrepec:oai:RePEc:wiw:wiwreg:region_5_3_195
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spelling ftrepec:oai:RePEc:wiw:wiwreg:region_5_3_195 2023-05-15T17:42:24+02:00 Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland Vehkasalo, Ville http://openjournals.wu.ac.at/ojs/index.php/region/article/view/195 unknown http://openjournals.wu.ac.at/ojs/index.php/region/article/view/195 article ftrepec 2020-12-04T13:35:17Z European Union regional policy is implemented through structural funds, such as the European Regional Development Fund (ERDF), which support investment in peripheral regions of the EU. We studied the effects of EU regional policy on key economic variables using a rare natural experiment setting. In 2007, parts of regions that were previously covered by the ERDF programme for Western Finland were reallocated to the ERDF programme for Northern Finland, with higher support intensity per capita. This area reallocation was caused by the newly adopted EU legislation regulating the classification of regional statistical areas. With a detailed postal code area dataset and a difference-in-differences estimator, we discovered desirable regional policy effects on unemployment and the number of jobs. Article in Journal/Newspaper Northern Finland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description European Union regional policy is implemented through structural funds, such as the European Regional Development Fund (ERDF), which support investment in peripheral regions of the EU. We studied the effects of EU regional policy on key economic variables using a rare natural experiment setting. In 2007, parts of regions that were previously covered by the ERDF programme for Western Finland were reallocated to the ERDF programme for Northern Finland, with higher support intensity per capita. This area reallocation was caused by the newly adopted EU legislation regulating the classification of regional statistical areas. With a detailed postal code area dataset and a difference-in-differences estimator, we discovered desirable regional policy effects on unemployment and the number of jobs.
format Article in Journal/Newspaper
author Vehkasalo, Ville
spellingShingle Vehkasalo, Ville
Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
author_facet Vehkasalo, Ville
author_sort Vehkasalo, Ville
title Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
title_short Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
title_full Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
title_fullStr Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
title_full_unstemmed Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland
title_sort effectiveness of eu regional policy: evidence from a natural experiment in finland
url http://openjournals.wu.ac.at/ojs/index.php/region/article/view/195
genre Northern Finland
genre_facet Northern Finland
op_relation http://openjournals.wu.ac.at/ojs/index.php/region/article/view/195
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