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EU investment grants review, Volume 1
Author:Begg, Iain; Country:United Kingdom; Poland; Spain; Romania; Sweden; Ireland;
Date Stored:2002/10/22Document Date:1999/09/30
Document Type:PublicationSubTopics:Environmental Economics & Policies; National Governance; Banks & Banking Reform; Municipal Financial Management; Public Sector Economics
ISBN:ISBN 0-8213-4499-4Language:English
Major Sector:Public Administration, Law, and JusticeRegion:Europe and Central Asia
Report Number:WTP435Sub Sectors:(Historic)Institutional Development
Collection Title:World Bank technical paper ; no. WTP 435. Europe and Central Asia Poverty Reduction and Economic Management seriesVolume No:1

Summary: The present study is the first stage of a three-stage research program that investigates institutional arrangements for local and regional capital investment in selected Central and Eastern European countries (CEECs), and assesses whether these arrangements provide appropriate signals to economic agents. The aim overall is to "provide policy recommendations to improve the transparency, accountability, consistency, and allocational efficiency of local and regional public investment in CEECs. The European Union accession and the prospective use of EU financial support are the context for this study. The principal purpose of this first stage is to provide a methodology for analyzing intergovernmental transfers for capital investment. This methodology could then be used in detailed work on specific countries to be carried out in the second phase of the overall study. The report is organized as follows: Section 2 surveys relevant economic theory. Section 3 reviews the various arrangements for intergovernmental transfers. Section 4 summarizes the experience of the Structural Funds; and follows this up with more detailed case studies of arrangements for intergovernmental transfers in Section 5. Section 6 closes the report by drawing a methodology to be used in future studies.

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