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Municipal Sustainability Influence by European Union Investment Programs on the Portuguese Local Government

1
School of Business, University of New England, Armidale, NSW 2351, Australia
2
CESUR, CERis, Instituto Superior Técnico, University of Lisbon, 1649-004 Lisbon, Portugal
*
Author to whom correspondence should be addressed.
Sustainability 2018, 10(4), 910; https://doi.org/10.3390/su10040910
Received: 16 February 2018 / Revised: 16 March 2018 / Accepted: 19 March 2018 / Published: 21 March 2018
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
The assessment of the impact of European Structural and Investment Funds (ESIF) on Portuguese local government and which factors determine it is important given the magnitude of funds involved. As part of this larger question, this paper considers whether the holistic sustainability of local authorities—as measured by a Council Sustainability Index—can influence the impact of ESIF on the performance of Portuguese councils and which factors best explain these performance differences. Using a geometric distance function jointly with the Hicks-Moorsteen index, we investigate and present a conclusion on the differential impact of ESIF on sustainable and non-sustainable Portuguese councils over the period 2000 to 2014. Our findings also suggest that ESIF should continue fostering economic and social development at the local level regardless of council size or regional location since overall development will flow from this economic and social structural adjustment strategy. View Full-Text
Keywords: European Structural and Investment Funds; municipal sustainability; Council Sustainability Index (CSI); Portuguese local government European Structural and Investment Funds; municipal sustainability; Council Sustainability Index (CSI); Portuguese local government
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Caldas, P.; Ferreira, D.C.; Dollery, B.; Marques, R.C. Municipal Sustainability Influence by European Union Investment Programs on the Portuguese Local Government. Sustainability 2018, 10, 910.

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