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Does the Cohesion Policy Decrease Economic Inequalities in the European Union?

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  • Radmila Jovanèeviæ Tomislav Globan Vedran Recher

    (University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia Institute of Economics, Zagreb, Croatia)

Abstract

This paper examines the impact of the EU Cohesion Policy on the relative development of EU countries as well as on the development of NUTS-2 regions within member states. The main hypothesis is that the Cohesion Fund payments are reducing inequalities between member states, while failing to decrease the regional inequalities within member states in the European Union. The basic conclusion is that Cohesion funds should not be viewed as the only solution for the problem of regional inequalities in the EU, but rather as a complementary policy instrument to national regional policies. However, the problem of creating institutional capacity for the withdrawal of the Cohesion resources remains emphasized, especially in new member states with lower real GDP growth, in order to compete for projects of highest multiplicative effects on the economy. JEL Classification: D63; O47; R11

Suggested Citation

  • Radmila Jovanèeviæ Tomislav Globan Vedran Recher, 2015. "Does the Cohesion Policy Decrease Economic Inequalities in the European Union?," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 18(2), pages 1-20, November.
    • Handle: RePEc:zag:zirebs:v:18:y:2015:i:2:p:1-20
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    Citations

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    Cited by:

    1. Liliana E. Donath & Petru-Ovidiu Mura, 2019. "The Looming Central and Eastern European Real Convergence Club. Do Implicit Tax Rates Play a Part?," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 67-89, March.
    2. Ornella Mikuš & Marin Kukoč & Mateja Jež Rogelj, 2019. "The coherence of common policies of the EU in territorial cohesion: A never-ending discourse? A review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(3), pages 143-149.

    More about this item

    Keywords

    economic and regional inequalities; Cohesion Policy; convergence; European Union; European integration;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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