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The role of Cohesion Policy for sustaining the resilience of European regional labour markets during different crises

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  • Paolo Di Caro
  • Ugo Fratesi

Abstract

Whilst the analysis of the impact of Cohesion Policy funds is well documented, little is known about the short-term consequences of Cohesion Policy during economic crises and its implications for regional resilience. To study these issues, we assemble novel, panel time-series data on Cohesion Policy covering almost four programming periods and different shocks in the European Union. Using heterogeneous coefficients panel models, we find a general positive impact of Cohesion Policy on regional resilience, although with region- and crisis-specific patterns during different shocks. Our results also suggest the presence of regional variation regarding regional labour market resilience over the past three decades.

Suggested Citation

  • Paolo Di Caro & Ugo Fratesi, 2023. "The role of Cohesion Policy for sustaining the resilience of European regional labour markets during different crises," Regional Studies, Taylor & Francis Journals, vol. 57(12), pages 2426-2442, December.
    • Handle: RePEc:taf:regstd:v:57:y:2023:i:12:p:2426-2442
    DOI: 10.1080/00343404.2022.2118252
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