Working papers, Department of Economics, WU (Wirtschaftsuniversität Wien)
Spotlight on the beneficiaries of EU regional funds: A new firm-level dataset
(), Christoph Hammer
(), Wolf Heinrich Reuter
() and Florian Schwendinger
Abstract: This study introduces a new firm-level dataset containing
over two million projects co-funded by the European Union’s (EU) structural
and Cohesion funds in 25 EU member states in the multi-annual financial
framework 2007-2013. Information on individual beneficiary firms and
institutions published by regional authorities is linked with business data
from Bureau van Dijk’s ORBIS database. Moreover, we show how modern text
mining techniques can be used to categorise EU funded projects into fifteen
thematic categories proposed by the European Commission. A first analysis
of the dataset reveals substantial heterogeneity of beneficiaries and
projects across and within countries. While in the majority of lagging
regions the largest project expenditure is dedicated to transportation and
energy infrastructure, in most other regions the major part is assigned to
innovation and technological development as well as business (including
SME) support. In an econometric analysis we control for project and firm
characteristics and find that the highest single project values are
associated with older beneficiary firms that are larger in size.
Furthermore, the projects with topmost expenditure are carried out in Dutch
and British regions.
Keywords: Distribution of EU structural funds, Regional policy, Firm-level data, Cohesion, European Union; (follow links to similar papers)
JEL-Codes: E61,; H77,; R11,; R58; (follow links to similar papers)
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