Title:
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Distributing the European structural and investment funds from a conflicting claims approach
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Author:
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Giménez Gómez, José M. (José Manuel); Peris, Josep E.; Solís Baltodano, María José,
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia |
Abstract:
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In order to support economic development across all EU regions, € 351.8 billion -almost a third of the total EU budget- has been set aside for the Cohesion Policy during the period 2014-2020. The distribution of this budget is made throughout five main structural and investment funds, after long and though negotiations among the EU member states. The current paper analyzes the problem of allocating the limited resources of the European Regional Development Fund (ERDF) as a conflicting claims problem (O'Neill, 1982). Specifically, we show how this approach fits this actual problem, and we propose an alternative way of distributing the budget via (i) claims solutions or (ii) the imposition of bounds (guarantees) to each of the regions. We apply this approach to European Union and Spanish evidences. In both cases we obtain that the constrained equal losses rule reduces inequality and promotes convergence more properly. Keywords: conflicting claims problems; public budget distribution; European Regional Development Fund; EU convergence |
Publication date:
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2018 |
Subject (UDC):
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336 - Finances. Banca. Moneda. Borsa |
Subject(s):
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Fons Europeu de Desenvolupament Regional Pressupost -- Unió Europea, Països de la |
Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/4.0/ |
Pages:
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24 p. |
Document type:
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Working Paper |
Published by:
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Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
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Collection:
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Documents de treball del Departament d'Economia;2017-22
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