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Learning processes and economic returns in European Cohesion policy

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  • Rodríguez-Pose, Andrés

    () (London School of Economics)

  • Novak, Katja

Abstract

This paper evaluates whether the learning mechanisms of the European Cohesion policy have contributed to improve the economic impact of Structural Fund expenditure over time. It analyses whether the evolution of the policy in response to greater internal monitoring and external scrutiny has resulted in a more efficient and better targeted Cohesion policy. This is tested using an econometric model which evaluates the effect of Structural Fund expenditure on the growth of regional GDP per capita —conditional on factor endowments, institutional quality and initial conditions— during the last programming periods for which full sets of data are available (1994-1999 and 2000-2006). The results of the analysis unveil an increase in the effectiveness of the policy in successive periods. This positive association is robust to controlling for the level of development of the country and the relative economic position of a region within a country. The results also show that, when structural factors are taken into consideration, Structural Fund investment tends to yield higher returns in better-off countries and wealthier regions within countries.

Suggested Citation

  • Rodríguez-Pose, Andrés & Novak, Katja, 2013. "Learning processes and economic returns in European Cohesion policy," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 25, pages 1-20.
  • Handle: RePEc:ris:invreg:0175
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    Cited by:

    1. Carlos Pinho & Celeste Varum & Micaela Antunes, 2013. "Structural funds and regional growth: conditions for improving efficiency," Economics and Business Letters, Oviedo University Press, vol. 2(4), pages 143-149.
    2. Zeilbeck, Severin, 2015. "An investment initiative for fiscally constrained EU member states: The role of synergetic financial instruments," IPE Working Papers 58/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    3. Dogaru, Teodora & Burger, Martijn & van Oort, Frank & Karreman, Bas, 2014. "The Geography of Multinational Corporations in CEE Countries: Perspectives for Second-Tier City Regions and European Cohesion Policy," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 193-214.
    4. Maza, Adolfo & Villaverde, José & Hierro, María, 2014. "Should cohesion policy focus on fostering R&D? Evidence from Spain," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 139-164.
    5. repec:bla:jregsc:v:58:y:2018:i:2:p:386-423 is not listed on IDEAS
    6. Davide Fiaschi & Andrea Mario Lavezzi & Angela Parenti, 2018. "Does EU cohesion policy work? Theory and evidence," Journal of Regional Science, Wiley Blackwell, vol. 58(2), pages 386-423, March.

    More about this item

    Keywords

    cohesion; regional development; economic growth; GDP per capita; regions; European Union;

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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