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The Contribution Of Cohesion Policy To The Development And Convergence Of The Regions Of The European Union

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  • Panagiotis KOUDOUMAKIS

    (Dr. Civil Engineer, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece)

  • George BOTZORIS

    (Associate Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece)

  • Angelos PROTOPAPAS

    (Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece)

Abstract

The Cohesion Policy’s (CP) contribution to the development and convergence of EU regions is examined by utilizing the most complete historical data about CP payments regionally. Through the implementation of the neoclassical econometric model, the positive contribution, with a room of improvement, of CP to development and convergence of EU regions is substantiated. Moreover, the contribution of the secondary sector is emerging as the most critical. It is argued that the provision of reliable data of the implementation of CP contributes decisively towards reducing the complexity and heterogeneity of results. Also increases their potential to be utilized in assessment and design programs.

Suggested Citation

  • Panagiotis KOUDOUMAKIS & George BOTZORIS & Angelos PROTOPAPAS, 2021. "The Contribution Of Cohesion Policy To The Development And Convergence Of The Regions Of The European Union," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 277-290, June.
    • Handle: RePEc:hrs:journl:v:xiii:y:2021:i:2:p:277-290
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    1. Panagiotis Koudoumakis & George Botzoris & Angelos Protopapas, 2022. "Cohesion policy evaluation: Guidelines for selection of appropriate methods," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(5), pages 1062-1084, October.

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    More about this item

    Keywords

    Cohesion Policy of the European Union; Regional development and convergence; Econometric model; Data reliability and representativeness; Secondary sector;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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