Greece’s experience from the EU Structural Funds: The neglected consequences

Published: Sep 11, 2018
Structural Funds Greece Developmental aid European Union
Παναγιώτης Λιαργκόβας
Αστέρης Χουλιαράς
A large number of ex ante, ex itinere and ex post evaluation studies have assessed the direct impact of the EU Structural Funds on the Greek economy. Some of them, mainly EU-commissioned studies, have assessed the microeconomic impact of funds. Others, more academic, have focused on the impact of funds on economic and social indicators (GDP,employment, productivity) at regional or country level. A common characteristic of both approaches is that Structural Funds represent an economic policy tool and therefore their impact on Greece is mostly economic. In this article, we support the view that the assessment of EU structural funding should be based on a wider approach that takes into account the role of economic policies, the capacity of institutions and the quality of governance.
Article Details
  • Section
  • Articles
Download data is not yet available.
Abuzeid, Farah, (2009), “Foreign Aid and the ‘Big Push’ Theory: Lessons from Sub-Saharan Africa”, Stanford Journal of International Relations, 16-23 (
Acemoglu, D., S. Johnson, and Robinson J. (2004) “200 Cause of Long-Run Growth” NBER Working Paper 10481. Cambridge, Mass: National Bureau of Economic Research.
Barry, F., J. Bradley and A. Hannan, (2001), “The Single Market, the Structural Funds and Ireland’s Recent Economic Growth”, The Journal of Common Market Studies 39: 537-552.
Beutel, J. (2002), “The economic impact of Objective 1 interventions for the period 2000-2006”, Final report to the Regional Policy Directorate-General, European Commission”, Konstanz, Germany.
Cappelen, A., F. Castellacci, J. Fagerberg and B. Verspagen, (2003), “The Impact of EU Regional Support on Growth and Convergence in the European Union”, The Journal of Common Market Studies 41(4):621-644.
Easterly, W. (2003), “Can Foreign Aid Buy Growth?” Journal of Economic Perspectives 17:34–41.
Ederveen, S., de Groot, H. and Nahuis, R., (2006), “Fertile Soil for Structural Funds? A Panel Data Analysis of the Conditional Effectiveness of European Cohesion Policy”, Kyklos 59(1):17-42.
Fagerberg, J. and Verspagen, B.,(1996), “Heading for Divergence? Regional Growth in Europe Reconsidered”, Journal of Common Market Studies 3:431–48.
Funck, B. and Pizzati L. (2003), European Integration, Regional Policy and Growth, Washington DC: The World Bank.
Hirschman, A. O. (1967) Development Projects Observed, Washington, DC:Brookings Institution.
Knack, S., (2004), “Does Foreign Aid Promote Democracy?,” International Studies Quarterly 48:251-266.
Martens, B. (2002), “The role of evaluation in foreign aid programmes”,in B. Martens, U. Mummert, P. Murrell and P. Seabright, (eds), The Institutional Economics of Foreign Aid, p.p. 154-176, Cambridge: Cambridge University Press,.
Mehlum, H., K. Moene, R. and Torvik,(2006), “Institutions and the Resource Curse”, The Economic Journal 116:1-20.
Pereira, Alfredo M., (1997), “Development Policies in the EU: An International Comparison”, Review of Development Economics 1(2):219-235.
Ross, M. L.,(1999), “The Political Economy of the Resource Curse”, World Politics 51:297-322.
Sjef, E., H. L. F. de Groot, R. Nahuis, (2006), “Fertile Soil for Social Funds? A Panel Data Analysis of the Conditional Effectiveness of European Cohesion Policy”, Kyklos 59(1):17-42.
Svensson, J., (2000), “Foreign Aid and Rent Seeking,” Journal of International Economics 51:437-461. World Bank (1998), Assessing Aid
Most read articles by the same author(s)