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EU Cohesion Policy at the Time of Economic Crisis: Assessing the Impact on Small Open Economies

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  • John Bradley

Abstract

This is a review of issues concerning the role and effectiveness of the EU Structural and Cohesion Funds in different countries before and after the EU enlargement since 2004. Based on Ireland’s experience this analysis focuses on the impact of the cohesion policy on the small open economies under the conditions of economic crisis and the implementation of the Lisbon Strategy ’2000. An integrated micro-macro approach is presented, attempting to elucidate the policy contradictions and the results from the applied programs at a highly aggregated level, making use of macroeconomic models (macro or top-down) and at a disaggregated level (micro or bottom-up). The thesis is defended, that the interaction of both approaches shall enable the impacts on the micro-level to be linked with the impacts on macro-level (GDP and employment).

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  • John Bradley, 2010. "EU Cohesion Policy at the Time of Economic Crisis: Assessing the Impact on Small Open Economies," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-23.
    • Handle: RePEc:bas:econth:y:2010:i:2:p:3-23
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    References listed on IDEAS

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    1. John Bradley & Timo Mitze & Edgar Morgenroth & Gerhard Untiedt, 2006. "How can we know if EU cohesion policy is successful? Integrating micro and macro approaches to the evaluation of Structural Funds," Working Papers 1-2006, GEFRA - Gesellschaft fuer Finanz- und Regionalanalysen.
    2. Sjed Ederveen & Joeri Gorter & Ruud de Mooij & Richard Nahuis, 2003. "Funds and Games: The Economics of European Cohesion Policy," Occasional Papers 03, European Network of Economic Policy Research Institutes.
    3. Sjef Ederveen & Henri L.F. de Groot & Richard Nahuis, 2006. "Fertile Soil for Structural Funds?A Panel Data Analysis of the Conditional Effectiveness of European Cohesion Policy," Kyklos, Wiley Blackwell, vol. 59(1), pages 17-42, February.
    4. International Monetary Fund, 2008. "Macroeconomic Effects of EU Transfers in New Member States," IMF Working Papers 2008/223, International Monetary Fund.
    5. Honohan, Patrick (ed.), 1997. "EU Structural Funds in Ireland: A Mid-Term Evaluation of the CSF 1994-99," Research Series, Economic and Social Research Institute (ESRI), number PRS31, June.
    6. David Dollar & Craig Burnside, 2000. "Aid, Policies, and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 847-868, September.
    7. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    8. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
    9. John Bradley, 2008. "National and Regional Development Policy: Comparing Ireland and Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 1-15.
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    Cited by:

    1. Vardomsky L.B. & Pylin A.G. & Sokolova T.V. & Shurubovich A.V., 2013. "Россия И Украина: Вопросы Социально-Экономического Развития В Контексте Взаимных Отношений [Russia and Ukraine: issues of social and economic development in the context of the mutual relations]," Working papers y:2013:vardomsky:3, Institute of Economics.

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    More about this item

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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