EU Structural Funds: Do They Lead to More Growth?
Sascha Becker, Professor of Economics, Warwick University; Deputy Director, Centre for Competitive Advantage in the Global Economy
Chair: André Astrow, Senior Consultant, International Economics, Chatham House
Professor Sascha Becker will present his Chatham House-CAGE briefing paper which argues that the EU transfer system, while currently yielding a certain amount of additional growth in some recipient regions, requires a degree of conditionality in order to deliver targeted results.
In assessing the effectiveness of the EU's Regional Policy, the paper focuses on the Convergence Objective (formerly Objective 1) which suggests that, on average, it is successful at fostering growth in recipient regions, but that those with low levels of education and poor governance fail to make good use of EU transfers. For EU Structural Funds as a whole, a point is reached where returns begin to decline and additional funds do not lead to higher growth.
Professor Becker will argue that, in the future, EU transfers to regions should not exceed maximum desirable levels if inefficiency and misuse are to be avoided.
Attendance at this event is by invitation only.