One of the EU objectives is economic and social cohesion, which is a necessary step for the success of European integration. A key factor for cohesion is the implementation of the right regional policy in order to reduce regional disparities. This objective can be reached in two different ways. The first one is through leveling transferences from rich to poor regions. The second one would tend to locate peripheral regions in conditions of developing production activities so as to reach an economic development similar to that of the richest ones. This second way, which consist of "equalizing opportunities", is the one we prefer. In this paper, we analyze at which extent European regional policy has allowed to reach the conditions needed in order to estimulate endogenous development in the less developed regions. In this connection, we reckon that the main factors in order to reach this development are geared in estimulating both industrial investment and research and education. We analyze whether or not this elements have been adecuately addressed within European policy.
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Paper provided by European Regional Science Association in its series ERSA conference papers with number
ersa98p312.
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