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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ftwuwienojs:oai:ojs.openjournals.wu.ac.at:article/195 2023-05-15T17:42:24+02:00 Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland Vehkasalo, Ville 2018-07-02 application/pdf https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195 eng eng ERSA https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195/249 https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195/255 https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195 Copyright (c) 2018 Ville Vehkasalo REGION; Vol. 5 No. 3 (2018); 1-19 2409-5370 Regional policy Policy analysis Microeconometrics info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Econometric Analysis 2018 ftwuwienojs 2022-02-13T08:16:21Z 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 REGION (E-Journal - ERSA, European Regional Science Association) REGION 5 3 1 19 |
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Open Polar |
collection |
REGION (E-Journal - ERSA, European Regional Science Association) |
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ftwuwienojs |
language |
English |
topic |
Regional policy Policy analysis Microeconometrics |
spellingShingle |
Regional policy Policy analysis Microeconometrics Vehkasalo, Ville Effectiveness of EU Regional Policy: Evidence from a Natural Experiment in Finland |
topic_facet |
Regional policy Policy analysis Microeconometrics |
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 |
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 |
publisher |
ERSA |
publishDate |
2018 |
url |
https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195 |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_source |
REGION; Vol. 5 No. 3 (2018); 1-19 2409-5370 |
op_relation |
https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195/249 https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195/255 https://openjournals.wu.ac.at/ojs/index.php/region/article/view/195 |
op_rights |
Copyright (c) 2018 Ville Vehkasalo |
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REGION |
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5 |
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3 |
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19 |
_version_ |
1766144255500222464 |