IDEAS home Printed from https://ideas.repec.org/a/dug/journl/y2016i1p26-35.html
   My bibliography  Save this article

The Impact of the Regional Policy on the European Economy

Author

Listed:
  • Romeo-Victor Ionescu

    (Romanian Regional Science Association)

Abstract

Nowadays, EU28 operates in a very sensitive socio-economic environment. This is why the paper faces to the idea of changing the political approach in the EU. In order to support this idea, two essential common policies (Regional Policy and Cohesion Policy) are analyzed, using pertinent indicators, as GDP per capita, gross value added and labor productivity. A comparative analysis covers EU28 and Euro area. On the other hand, the regional analysis points out the economic disparities between NUTS2 regions. The intermediate conclusions of the analysis led to a cluster approach for the Member States. Moreover, the forecasting procedures applied to the above three economic indicators led to the same idea: an EU more divided than integrated. The main conclusion of the paper is that the present economic approach has to be change into another focused on maintaining and, after that, decreasing the present European socio-economic disparities.

Suggested Citation

  • Romeo-Victor Ionescu, 2016. "The Impact of the Regional Policy on the European Economy," EuroEconomica, Danubius University of Galati, issue 1(35), pages 26-35, may.
    • Handle: RePEc:dug:journl:y:2016:i:1:p:26-35
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/3257/3247
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Becker, Sascha O. & Egger, Peter H. & von Ehrlich, Maximilian, 2012. "Too much of a good thing? On the growth effects of the EU's regional policy," European Economic Review, Elsevier, vol. 56(4), pages 648-668.
    2. Fabrizio Barca & Philip McCann & Andrés Rodríguez‐Pose, 2012. "The Case For Regional Development Intervention: Place‐Based Versus Place‐Neutral Approaches," Journal of Regional Science, Wiley Blackwell, vol. 52(1), pages 134-152, February.
    3. Philip McCann & Raquel Ortega-Argil�s, 2015. "Smart Specialization, Regional Growth and Applications to European Union Cohesion Policy," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1291-1302, August.
    4. Guido Pellegrini & Flavia Terribile & Ornella Tarola & Teo Muccigrosso & Federica Busillo, 2013. "Measuring the effects of European Regional Policy on economic growth: A regression discontinuity approach," Papers in Regional Science, Wiley Blackwell, vol. 92(1), pages 217-233, March.
    5. Ron Boschma, 2014. "Constructing Regional Advantage and Smart Specialisation: Comparison of Two European Policy Concepts," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 51-68.
    6. Peter Schmidt, 2014. "EU regional policy and its theoretical foundations revisited," ERSA conference papers ersa14p1560, European Regional Science Association.
    7. Philip McCann & Raquel Ortega-Argilés, 2013. "Transforming European regional policy: a results-driven agenda and smart specialization," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 405-431, SUMMER.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tomasz Jałowiec & Henryk Wojtaszek & Ireneusz Miciuła, 2022. "Analysis of the Potential Management of the Low-Carbon Energy Transformation by 2050," Energies, MDPI, vol. 15(7), pages 1-29, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Barone, Guglielmo & David, Francesco & de Blasio, Guido, 2016. "Boulevard of broken dreams. The end of EU funding (1997: Abruzzi, Italy)," Regional Science and Urban Economics, Elsevier, vol. 60(C), pages 31-38.
    2. Ron Boschma, 2021. "Designing Smart Specialization Policy: relatedness, unrelatedness, or what?," Papers in Evolutionary Economic Geography (PEEG) 2128, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2021.
    3. Seyed Peyman Asadi & Ahmad Jafari Samimi, 2019. "Lagging-behind Areas as a Challenge to the Regional Development Strategy: What Insights can New and Evolutionary Economic Geography Offer?," Papers in Evolutionary Economic Geography (PEEG) 1923, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2019.
    4. Marco Di Cataldo & Vassilis Monastiriotis, 2018. "An assessment of EU Cohesion Policy in the UK regions: direct effects and the dividend of targeting," LEQS – LSE 'Europe in Question' Discussion Paper Series 135, European Institute, LSE.
    5. Marco Di Cataldo & Vassilis Monastiriotis & Andrés Rodríguez‐Pose, 2022. "How ‘Smart’ Are Smart Specialization Strategies?," Journal of Common Market Studies, Wiley Blackwell, vol. 60(5), pages 1272-1298, September.
    6. Malgorzata Sztorc & Dorota Milek, 2022. "Modern Business Services as a Strategy for the Development of Smart Specializations," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 433-462.
    7. Adi Weidenfeld, 2018. "Tourism Diversification and Its Implications for Smart Specialisation," Sustainability, MDPI, vol. 10(2), pages 1-24, January.
    8. David L. Rigby & Christoph Roesler & Dieter Kogler & Ron Boschma & Pierre-Alexandre Balland, 2019. "Do EU regions benefit from smart specialization?," Papers in Evolutionary Economic Geography (PEEG) 1931, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2019.
    9. Benjamin Davies & David C. Maré, 2021. "Relatedness, complexity and local growth," Regional Studies, Taylor & Francis Journals, vol. 55(3), pages 479-494, March.
    10. John Bachtler & Iain Begg, 2018. "Beyond Brexit: Reshaping policies for regional development in Europe," Papers in Regional Science, Wiley Blackwell, vol. 97(1), pages 151-170, March.
    11. Maximilian Benner, 2022. "An institutionalist perspective on smart specialization: Towards a political economy of regional innovation policy [Place-based Policy and Politics]," Science and Public Policy, Oxford University Press, vol. 49(6), pages 878-889.
    12. Pierre-Alexandre Balland & Ron Boschma & Joan Crespo & David L. Rigby, 2017. "Smart Specialization policy in the EU: Relatedness, Knowledge Complexity and Regional Diversification," Papers in Evolutionary Economic Geography (PEEG) 1717, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2017.
    13. Jaanus Müür, 2022. "Intermediating Smart Specialisation and Entrepreneurial Discovery: The Cases of Estonia and Helsinki-Uusimaa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 541-573, March.
    14. Augusto Cerqua & Guido Pellegrini, 2014. "Beyond the SUTVA: how policy evaluations change when we allow for interactions among firms," Working Papers 2/14, Sapienza University of Rome, DISS.
    15. Naldi, Lucia & Criaco, Giuseppe & Patel, Pankaj C., 2020. "Related and unrelated industry variety and the internationalization of start-ups," Research Policy, Elsevier, vol. 49(10).
    16. Alessandro Borin & Elisa Macchi & Michele Mancini, 2021. "EU transfers and euroscepticism: can’t buy me love?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 36(106), pages 237-286.
    17. Julia Bachtrögler & Christoph Hammer & Wolf Heinrich Reuter & Florian Schwendinger, 2019. "Guide to the galaxy of EU regional funds recipients: evidence from new data," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(1), pages 103-150, February.
    18. Maria Coelho, 2019. "Fiscal Stimulus in a Monetary Union: Evidence from Eurozone Regions," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 573-617, September.
    19. Benoit Dicharry & Lubica Stiblarova, 2023. "Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?," International Economics and Economic Policy, Springer, vol. 20(3), pages 485-508, July.
    20. Akcomak, Semih & Erdil, Erkan & Cetinkaya, Umut Yılmaz, 2018. "Knowledge convergence in European regions: Towards cohesion?," MERIT Working Papers 2018-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2016:i:1:p:26-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Nuta (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.