01753cas a2200241 a 4500 AALejournalIMF008529 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848601 1018-5941 BD-DhAAL BD-DhAAL Gordon, James. Structural Funds and the 1992 Program in the European Community / James Gordon. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Equity and efficiency justifications are found for the Community's Structural Funds which are discovered to be carefully targeted at depressed regions, albeit with some horizontal inequities. If Fund transfers displace national assistance, then they may be misallocated by being tied to regional indicators. The recent doubling in size enhances the Funds' ability to assist losers from the creation of a single European market in 1992. However, they fall short of constituting a safety net since they provide little automatic assistance to regions suffering negative shocks. Compensation of losers from the 1992 program would require an overhaul of the present allocation system, if not a further increase in scale. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/065 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/065/001.1991.issue-065-en.xml IMF e-Library