The EU-Budget and the Lisbon Process
: An Empirical Efficiency Analysis from an Income Convergence and Regional Policy Viewpoint (Das EU-Budget und Der Lissabon-Prozess Eine Empirische Effizienzanalyse Aus Konvergenzpolitischer und Regionalpolitischer Sicht (German)
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Titel:
The EU-Budget and the Lisbon Process
:
An Empirical Efficiency Analysis from an Income Convergence and Regional Policy Viewpoint (Das EU-Budget und Der Lissabon-Prozess Eine Empirische Effizienzanalyse Aus Konvergenzpolitischer und Regionalpolitischer Sicht (German)
Erschienen in:Materialien zu Wirtschaft und Gesellschaft Working Paper ; No. 107
Umfang:
1 Online-Ressource (171 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1567011
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2009 erstellt
Beschreibung:
How effective are all those billions paid out by the Commission for the Lisbon process in the individual Member States? We apply regression analysis to measure the long-term structural budget problem of the European Union, often called "revenue problem," estimating which rich countries are above a regression line of "pure distributive justice," based on purchasing power per capita. Our analysis shows that over time the weight of the "revenue problem" shifted to the East of our continent. Net inflows should ideally have been used to lift poor countries out of poverty. We empirically estimate the contributions of these inflows to convergence performance. Our calculations show that 1. certainly net transfers enabled the convergence of purchasing power in Europe, but 2. there were substantial deviations of the convergence process 3. and over time imbalances seem even to have strengthened. The south of Europe, especially Portugal, Italy, and Hungary and Bulgaria do not succeed, and the Lisbon efficiency of the EU financial resources decreased in particular in Denmark, Great Britain, Hungary, Romania and Greece over time. There seems to be a "constancy of subsidies” even long after the reasons for the subsidy long ceased to exist. Ireland, for instance still received massive inflows for many years even after it became one of the richest EU countries. In our estimation equations, we allow for the fact that rich countries may grow faster than very poor countries. Our quantitative analysis shows that with the "big bang" enlargement in May 2004 a first good start towards more convergence and regional redistribution of the resources of the EU budget could have been made, but that the good intentions quickly dissipated again and net transfers again suffered a convergence-efficiency loss. The EU-27 returned to the old tendency that the very rich countries grow faster than the poorer countries. Overall, therefore, our findings suggest that the current handling of the EU-budget is far from sufficient to achieve a real convergence of living conditions in Europe. There is also a current "perverse correlation” between corruption and net inflows. Poor states in the Union would do well to carry out consistent anti-corruption policies if they want adequate funding to reduce poverty. Our analysis also shows with the latest empirical regional and other statistics of the OECD the true dimension of the Lisbon gap between Europe and the Western over-seas democracies. We analyzed regional development (economic growth, regional Lisbon performance, unemployment rates and employment rates of older workers) in the entire EU-27, using the freely available Inforegio database of the EU-Commission