McCarthy, Thomas G. 'Symposium on structural and cohension funds: on the use of structural funds'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXVI, Pt. V, 1992/1993, pp145-155
Journal of the Statistical and Social Inquiry Society of Ireland Vol. XXVI, Pt. V,1992/1993
Recent efforts to secure EC funding by Irish governments, and in particular Irish officials,
have been a resounding success. A priori one might expect that the richest country would be
the largest net contributor in GDP share terms and the poorest country the largest net
recipient. Our a priori expectation is not fulfilled.
However, these are not such as to alter the main message. Ireland does very well from the
EC in financial terms.
This is no surprise and it serves merely to confirm the perception that we are experts in
the art of "grantmanship". But will this success translate itself into a permanent
improvement in our welfare? Are there any principles that can guide the spending of this
money so as to best achieve this end? These are questions for tonight's symposium. This
contribution will consider the impact that public expenditure can have on economic growth.
In particular we survey some recent evidence on this issue. We conclude with some
tentative lessons which may provide a basis for our discussion.
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