Work

State Aid Policy in the European Union

Year: 2015

Type: article

Abstract: Industrial policy is an important tool of economic policy‐making, and this has been the case especially since the onset of the current global financial crisis in 2008. However, only relatively few empirical studies consider the macroeconomic effects of industrial policy, especially for European Union countries. In this study we investigate the effect of state aid policy on economic growth and investment, using a panel data set which covers 27 European Union countries over the period 1992–2011. Our results suggest that state aid policy is not an effective tool to achieve higher economic growth and investment rates.

Source: JCMS Journal of Common Market Studies

DOI: 10.1111/jcms.12247

Authors: Çiğdem Börke Tunali, Jan Fidrmuc

Institutions: Istanbul University, Charles University, Brunel University of London

Language: English

Topic: EU Law and Policy Analysis

Subfield: Law

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $1,845