Table Of ContentIMPROVING ECONOMIC AND SOCIAL COHESION
IN THE EUROPEAN COMMUNITY
Proceedings of a conference organised by the Centre for European Policy
Studies and sponsored by the Commission of the European Communities, the
European Investment Bank, Gestifundo S.A., Portugal, and Sevillana de
Electricidad S.A. Spain (22 June and 23 June 1992).
Also by J(Jrgen Mortensen
FEDERALISM VS. CO-ORDINATION: Macroeconomic Policy in the
European Community
THE FUTURE OF PENSIONS IN THE EUROPEAN COMMUNITY
(editor)
Improving Economic and
Social Cohesion in the
European Community
Edited by
J0 rgen Mortensen
Senior Research Fellow
Head oft he Financial Markets Unit
Centre for European Policy Studies
Brussels
© Centre for European Policy Studies 1994
Softcover reprint of the hardcover 1st edition 1994 978-0-333-60875-3
All rights reserved. No reproduction, copy or transmission of
this publication may be made without written permission.
No paragraph of this publication may be reproduced, copied or
transmitted save with written permission or in accordance with
the provisions of the Copyright, Designs and Patents Act 1988,
or under the terms of any licence permitting limited copying
issued by the Copyright Licensing Agency, 90 Tottenham Court
Road, London WI P 9HE.
Any person who does any unauthorised act in relation to this
publication may be liable to criminal prosecution and civil
claims for damages.
First published in Great Britain 1994 by
THE MACMILLAN PRESS LTD
Houndmills, Basingstoke, Hampshire RG21 2XS
and London
Companies and representatives
throughout the world
A catalogue record for this book is available
from the British Library.
ISBN 978-1-349-23440-0 ISBN 978-1-349-23438-7 (eBook)
DOI 10.1007/978-1-349-23438-7
First published in the United States of America 1994 by
Scholarly and Reference Division,
ST. MARTIN'S PRESS, INC.,
175 Fifth Avenue,
New York, N.Y. 10010
ISBN 978-0-312-12174-7
Library of Congress Cataloging-in-Publication Data
Improving economic and social cohesion in the European Community I
edited by Jl!lrgen Mortensen.
p. em.
Includes index.
ISBN 978-0-312-12174-7
I. European Economic Community countries-Economic conditions
-Regional disparities. 2. European Economic Community countries-
-Economic policy. 3. European Economic Community countries-Social
policy. I. Mortensen, Jl!lrgen.
HC241.2.1443 1994
338.94-dc20 94-1155
CIP
10 9 8 7 6 5 4 3 2
05 04 03 02 01 00 99 98 97
Contents
INTRODUCTORY
1 Introduction 3
J;rgen Mortensen
2 Cohesion policy before and after Maastricht 17
Henning Christophersen
3 European integration: economic analysis and social reality 23
Willem Molle
I EXPLAINING REGIONAL AND SOCIAL INEQUALITIES 39
4 A comparison of regional differentials in the European Community
and the United States 41
Andrea Boltho
5 Regional disparities and Community policy 55
Ronnie Hall
6 Cohesion, real incomes and employment opportunities 73
John Morley and Terry Ward
II ASPECTS OF THE CATCHING-UP PROCESS 91
7 Catching up with the rest: the Irish experience 93
Kieran Kennedy
8 Spain in the EC: monetary stability versus economic growth? 115
Jose Folgado Blanco
9 EMU: a challenge or a helping hand for Greece? 129
Nicos Christodoulakis
v
III THE IMPACT OF COMMUNITY POUCIES 143
10 Fiscal federalism: a survey of the literature 145
P. Bernd Spahn
11 The regional-stabilisation properties of fiscal arrangements 155
Alexander Italianer and Jean Pisani-Ferry
12 The implications of cohesion policy for the Community's budgel 195
Horst Reichenbach
13 The regional impact of Community policies 211
Bernhard Seidel
14 The efficiency of the Structural Funds 229
Philippe Goybet and Moreno Bertoldi
15 The role of the European Investment Bank 241
Eugenio Greppi
vi
List of Contributors
Authors
Moreno Bertoldi is an administrator in Directorate-General XX:ll, Commission
of the European Communities.
Andrea Boltho is Fellow and Tutor in Economics, Magdalen College, Oxford.
Nicos Christodoulakis is Vice-Rector of Athens University of Economics and
Business.
Henning Christophersen is Vice-President of the Commission of the European
Communities.
Jose Folgado Blanco is Professor of Applied Economics at the Universidad
Aut6noma de Madrid.
Philippe Goybet is Head of Division, Directorate-General XXII, Commission
of the European Communities.
Eugenio Greppi is Head of Directorate, EC Operations, European Investment
Bank, Luxembourg.
Ronnie Hall is Principal Administrator, Directorate-General XVI, Commission
of the European Communities.
Alexander Italianer is Deputy Head of Unit (Economic Service), Directorate
General II, Commission of the European Communities.
Kieran Kennedy is Director of the Economic and Social Research Institute,
Dublin.
Willem Molle is Director of the Nederlands Economisch lnstituut, Rotterdam.
John Morley is Head of Unit (Structural Employment Policies and Labour
Market), Directorate-General V, Commission of the European Communities.
Jftrgen Mortensen is Senior Research Fellow at CEPS.
Jean Pisani-Ferry is Director of the Centre d'Etudes Prospectives et
d'Informations Internationales, Paris.
vii
Horst Reichenbach is Acting Director (Economic Service). Directorate
n.
General Commission of the European Communities.
Bernhard Seidel is Head of Department of Public Finance at the Deutsches
lnstitut fiir Wirtschaftsforschung. Berlin.
P. Bernd Spahn is Professor of Public Finance at the University of Frankfurt
am-Main.
Terry Ward is Director of Alphametrics Ltd.
Ptmel discusSIUIIs
lain Begg is Professor of Applied Economics at the University of Cambridge.
Eneko Landaburu lllarrimendi is Director-General of Directorate-General
XVI. Commission of the European Communities.
Gavin McCrone is professor at the University of Glasgow.
Thomas O'Dwyer is Director of Directorate-General XVI. Commission of the
European Communities.
n.
Paul van den Bempt is a former Director. Directorate-General Commission
of the European Communities.
Manfred Wegner is Director of the Institut fiir Wirtschaftsforschung. Halle.
viii
INTRODUCTORY
