Search results for " regional policy"
showing 7 items of 7 documents
Does EU cohesion policy work? Theory and evidence
2017
This paper evaluates the effectiveness of European Cohesion Policy in the regions of 12 EU countries in the period 1991–2008, on the basis of a spatial growth model, which allows for the identification of both direct and indirect effects of EU funds on GDP per worker growth. We find that “Objective 1” funds are characterized by strong spatial externalities and a positive and concave effect on the growth of GDP per worker, which reaches a peak at the ratio funds/GDP of approximately 3 percent and becomes non-significant after 4 percent. “Objective 2” and “Cohesion” funds have nonsignificant effects, while all the other funds exert a positive and significant effect, but their size is very lim…
Urban change and regional development at the margins of Europe: an introduction
2018
Since the beginning of the nineties the urban dimension has taken a growing relevance within the EU’s regional policy. The implementation of community initiatives or other areabased projects under the structural funds has meant for several cities a tangible opportunity to start urban renewal, introduce innovative planning instruments and implement new governance relations. In the so called “less developed” regions, this process has also been accompanied by significant financial resources, giving local governments and municipalities the chance to start large infrastructure projects of metropolitan or even regional relevance. Development processes in regions and urban areas, however, have fol…
Culture and urban regeneration: the role of the European Union regional policy
2008
During the last two decades several European cities have changed significantly their social, economic and institutional identity. This changing is the effect of a long term process of economic restructuring after the decline of the Fordist regime and the rising of the globalization. The policy of economic regeneration and the re-scaling of city’s political economy within the inter-urban and regional competion is one of the most relevant consequence of this process. It is universally recognized that the strategies for the transformation of an old industrial city into a service-based ones require not only interventions on the “hard factors” but also on the “soft factors” of urban development:…
Counterfactual Distribution Dynamics across European Regions
2009
This paper proposes a methodology which combines elements of parametric regression analysis with the nonparametric distribution dynamics approach in order to analyse the role of some variables in the convergence of productivity across European regions over the period 1980-2002. We find that the initial productivity crucially accounts in the convergence process across European regions. Differently, employment growth seems not to play a role, while the Structural and Cohesion Funds seem to play a positive role, even though such effect seems to be very low and statistically significant only at the low bound of the range of initial productivity. The structural change of regional economies plays a p…
Productivity Dynamics across European Regions: the Impact of Structural and Cohesion Funds
2009
This paper analyzes the impact of the European Union regional policy of the three programming periods 1975-1988, 1989-1993 and 1994-1999 on the dynamics of productivity of European regions. On average, funding had a positive, but concave, effect on productivity growth. In particular, a share of funds on GVA of 10% GVA is estimated to raise the regional growth rate of about 0.9% per year. However, by separately considering the three programming periods and the composition of the funds according to the objectives defined by the EU, we find that: i) only the funds allocated in the second and third programming periods, when they remarkably increased, had a significant impact; and ii) only Objective…
Fondos estructurales y política regional en la Unión Europea
2000
The present work examines the reasons that gave rise to European Regional Policy and describes its principles and basic objectives, as well as the operational transformations it underwent from the 1988 Structural Fund reform till the approval of the Agenda 2000. Its ability to correct regional imbalances is subsequently compared with the limited ability of European Public Finance to carry out some of the functions performed by central governments in States with a federal political structure, which results in disparity between regional income levels and the corresponding tax balances. Finally, the achievements and limitations of European Regional Policy are assessed on a wide basis rather th…
Fonds structurels, effets de débordement géographique et croissance régionale en Europe.
2008
Les fonds structurels constituent l’un des instruments financiers de la politique regionale europeenne les plus intensement utilises afin de promouvoir la convergence entre les regions des pays membres de l’Union europeenne. Cependant, de nombreuses divergences theoriques et empiriques existent dans la litterature quant a leur capacite a encourager la croissance economique des regions les plus defavorisees. Par consequent, cet article se propose de proceder a des estimations complementaires en integrant des elements nouveaux : tout d’abord, nous adoptons une approche par l’econometrie spatiale afin de prendre en compte de possibles effets de debordement geographique entre regions ; ensuite,…