Publisher's Synopsis
Many aspects of public investment policy in the European periphery now fall within the scope of the EU?s regional aid programme, the Community Support Framework (CSF). The book describes the logic behind the design of the CSF and how its macroeconomic impact can be evaluated. Part I describes key structural features of the main peripheral economies (Greece, Ireland, Portugal and Spain), outlines the organization of the first CSF for 1989?93 and examines institutional detail on the Irish CSF. Part II provides a review of new growth and convergence theories, and describes the empirical methodology motivated by these theories. Part III surveys empirical studies of the macroeconomic impact of the two CSFs, covering the periods 1989?93 (Delors I) and 1994?99 (Delors II). Part IV concludes with a summary of the main findings and places the CSF programme in a wider context of European regional structural policies. The comprehensive bibliography of recent publications and working papers makes the book an essential reference tool for policy-makers and researchers.
