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Cohesion Policy in the European Union: Growth, Geography, Institutions

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  • THOMAS FAROLE
  • ANDRÉS RODRÍGUEZ‐POSE
  • MICHAEL STORPER

Abstract

Since the reform of the Structural Funds in 1989, the EU has made the principle of cohesion one of its key policies. Much of the language of European cohesion policy eschews the idea of tradeoffs between efficiency and equity, suggesting it is possible to maximise overall growth whilst also achieving continuous convergence in outcomes and productivity across Europe’s regions. Yet, given the rise in inter-regional disparities, it is unclear that cohesion policy has altered the pathway of development from what would have occurred in the absence of intervention. This paper draws on geographical economics, institutionalist social science, and endogenous growth theory, with the aim of providing a fresh look at cohesion policy. By highlighting a complex set of potential tradeoffs and inter-relations – overall growth and efficiency; inter-territorial equity; territorial democracy and governance capacities; and social equity within places – it revisits the rationale of cohesion policy, with particular attention to the geographical dynamics of economic development.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal JCMS: Journal of Common Market Studies.

Volume (Year): 49 (2011)
Issue (Month): 5 (09)
Pages: 1089-1111

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Handle: RePEc:bla:jcmkts:v:49:y:2011:i:5:p:1089-1111

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Cited by:
  1. Fabrizio Barca & Philip McCann & Andrés Rodríguez-Pose, 2011. "The case for regional development intervention: Place-based versus place-neutral approaches," Working Papers 2011-15, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
  2. Andrés Rodríguez-Pose, 2010. "Trade and regional inequality," Working Papers 2010-13, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
  3. Giorgio D'Agostino & Margherita Scarlato, 2011. "Innovation, Growth and Quality of Life: a Theoretical Model and an Estimate for the Italian Regions," Departmental Working Papers of Economics - University 'Roma Tre' 0138, Department of Economics - University Roma Tre.
  4. Flückiger, Matthias & Ludwig, Markus, 2013. "Chinese Export Competition, Declining Exports and Adjustments at the Industry and Regional Level in Europe," MPRA Paper 48878, University Library of Munich, Germany.
  5. Iulian PANAIT & Liviu UZLAU, 2013. "Study Of The Financial Performance For Romanian Listed Companies Beneficiary Of Non-Repayable European Funds," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 2(30), pages 285-295, June.
  6. Mantino, Francesco & Tarangioli, Serena & Tudini, Lucia, 2010. "Co-ordination and networks at sub-regional level: how programmes can meet rural needs," 118th Seminar, August 25-27, 2010, Ljubljana, Slovenia 95319, European Association of Agricultural Economists.
  7. Pavía, José M. & Larraz, Beatriz, 2012. "Regional Size, Wealth and EU Regional Policy," Investigaciones Regionales, Asociación Española de Ciencia Regional, issue 23, pages 127-141.
  8. d'Agostino, Giorgio & Scarlato, Margherita, 2012. "Inclusive Institutions, Innovation and Economic Growth: Estimates for European Countries," MPRA Paper 43098, University Library of Munich, Germany.
  9. Andrei Sebastian Badea, 2012. "Corruption - An Inhibiting Factor For The Efficient Implementation Of Structural Funds In Romania," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 110-120, June.
  10. Mikel Navarro Arancegui & Mari Jose Aranguren Querejeta & Edurne Magro Montero, . "Smart Specialisation Strategies: The Case of the Basque Country," Working Papers 2011R07, Basque Institute of Competitiveness.
  11. Andrés Rodríguez-Pose & Marco Di-Cataldo, 2014. "Quality of government and innovative performance in the regions of Europe," Papers in Evolutionary Economic Geography (PEEG) 1406, Utrecht University, Section of Economic Geography, revised Feb 2014.

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