Garcia-Milà, TeresaMcGuire, Therese J.Universitat Pompeu Fabra. Departament d'Economia i Empresa2017-07-262017-07-261996-12-01International Tax and Public Finance, 8 (3), 2001, pp. 281-295http://hdl.handle.net/10230/1068The 17 regional governments of Spain receive grants from both the central government and the European Union. The grants are generally redistributive and are intended to stimulate economic activity in the poorer regions. We evaluate the effectiveness of the grants by comparing the economic performance of the regions before and after the implementation of the grant programs using a differences--in-- differences approach. We find that these policies have not been effective at stimulating private investment or improving the overall economies of the poorer regions.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commonsinfo:eu-repo/semantics/workingPaperregional grants and economic developmentMacroeconomics and International Economicsinfo:eu-repo/semantics/openAccess