Does European Cohesion Policy affect Regional Business Dynamics?
This paper assesses whether European Cohesion Policy funds from the 2007‑2013 programming period affected business dynamics in European regions. Using a regression discontinuity approach, the analysis shows that regions receiving more funds experienced higher firm births, without statistically sign...
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| Format: | Article |
| Language: | English |
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AECR
2023-11-01
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| Series: | Investigaciones Regionales - Journal of Regional Research |
| Subjects: | |
| Online Access: | https://recyt.fecyt.es/index.php/IR/article/view/99209 |
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| author | Paolo Veneri Marcos Diaz Ramirez Lukas Kleine-Rueschkamp |
| author_facet | Paolo Veneri Marcos Diaz Ramirez Lukas Kleine-Rueschkamp |
| author_sort | Paolo Veneri |
| collection | DOAJ |
| description |
This paper assesses whether European Cohesion Policy funds from the 2007‑2013 programming period affected business dynamics in European regions. Using a regression discontinuity approach, the analysis shows that regions receiving more funds experienced higher firm births, without statistically significant firm deaths, resulting in positive net firm creation and growing firm-related employment. In addition, this study confirms previous findings in the literature according to which regions receiving more funds show higher increases gross value added per worker. Finally, funds have a significantly higher effect on net business employment creation in regions with lower levels of perceived corruption, although this is not necessarily conductive to higher levels of labour productivity in those regions.
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| format | Article |
| id | doaj-art-4b2692f4893b4717a6da26de77efa3e0 |
| institution | OA Journals |
| issn | 1695-7253 2340-2717 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | AECR |
| record_format | Article |
| series | Investigaciones Regionales - Journal of Regional Research |
| spelling | doaj-art-4b2692f4893b4717a6da26de77efa3e02025-08-20T01:50:27ZengAECRInvestigaciones Regionales - Journal of Regional Research1695-72532340-27172023-11-015710.38191/iirr-jorr.23.015Does European Cohesion Policy affect Regional Business Dynamics?Paolo Veneri0Marcos Diaz Ramirez1Lukas Kleine-Rueschkamp2Gran Sasso Science InstituteOECD Centre for Entrepreneurship, SMEs, Regions and CitiesOECD Centre for Entrepreneurship, SMEs, Regions and Cities This paper assesses whether European Cohesion Policy funds from the 2007‑2013 programming period affected business dynamics in European regions. Using a regression discontinuity approach, the analysis shows that regions receiving more funds experienced higher firm births, without statistically significant firm deaths, resulting in positive net firm creation and growing firm-related employment. In addition, this study confirms previous findings in the literature according to which regions receiving more funds show higher increases gross value added per worker. Finally, funds have a significantly higher effect on net business employment creation in regions with lower levels of perceived corruption, although this is not necessarily conductive to higher levels of labour productivity in those regions. https://recyt.fecyt.es/index.php/IR/article/view/99209Cohesion fundsbusiness dynamicschurningfirm creation |
| spellingShingle | Paolo Veneri Marcos Diaz Ramirez Lukas Kleine-Rueschkamp Does European Cohesion Policy affect Regional Business Dynamics? Investigaciones Regionales - Journal of Regional Research Cohesion funds business dynamics churning firm creation |
| title | Does European Cohesion Policy affect Regional Business Dynamics? |
| title_full | Does European Cohesion Policy affect Regional Business Dynamics? |
| title_fullStr | Does European Cohesion Policy affect Regional Business Dynamics? |
| title_full_unstemmed | Does European Cohesion Policy affect Regional Business Dynamics? |
| title_short | Does European Cohesion Policy affect Regional Business Dynamics? |
| title_sort | does european cohesion policy affect regional business dynamics |
| topic | Cohesion funds business dynamics churning firm creation |
| url | https://recyt.fecyt.es/index.php/IR/article/view/99209 |
| work_keys_str_mv | AT paoloveneri doeseuropeancohesionpolicyaffectregionalbusinessdynamics AT marcosdiazramirez doeseuropeancohesionpolicyaffectregionalbusinessdynamics AT lukaskleinerueschkamp doeseuropeancohesionpolicyaffectregionalbusinessdynamics |