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Territorial Capital and the Effectiveness of Cohesion Policies: an Assessment for CEE Regions

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  • Fratesi, Ugo

    () (Politecnico di Milano)

  • Perucca, Giovanni

    () (Politecnico di Milano)

Abstract

On May 1st 2004, 10 Central and Eastern European (CEE) countries joined the EU and became fully eligible for communitarian financial support. While the conditions for eligibility are the same, at regional level CEE territories are characterized by very different socioeconomic settings. In particular, different regions are differently endowed with what has been labelled “territorial capital’, so that the endowment of public and private, material and immaterial assets significantly varies across regions, including infrastructure, private capital, human and social capital. This set of territorial conditions, enabling economic development to take place, is here assumed to impact the outcome of cohesion policies as well. This paper is hence aimed at assessing the role of specific territorial conditions on the efficient implementation of cohesion policies in CEE NUTS3 regions. The analysis points out the mechanisms through which the endowment of specific territorial assets affects the outcome of Cohesion policies. It appears that for a large number of territorial capital assets, increasing returns are present and regions more endowed with specific types of territorial capital are more able to gain from policy investment in related fields.

Suggested Citation

  • Fratesi, Ugo & Perucca, Giovanni, 2014. "Territorial Capital and the Effectiveness of Cohesion Policies: an Assessment for CEE Regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 165-191.
  • Handle: RePEc:ris:invreg:0267
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    References listed on IDEAS

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    Cited by:

    1. Julia Bachtrögler, 2016. "On the effectiveness of EU structural funds during the Great Recession: Estimates from a heterogeneous local average treatment effects framework," Department of Economics Working Papers wuwp230, Vienna University of Economics and Business, Department of Economics.
    2. Laura Elena MARINAS, 2015. "Returns on EU Funding for Human Capital Development in Rural Areas," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(4), pages 491-505, October.
    3. Bachtrögler, Julia, 2016. "On the effectiveness of EU structural funds during the Great Recession: Estimates from a heterogeneous local average treatment effects framework," Department of Economics Working Paper Series 5157, WU Vienna University of Economics and Business.

    More about this item

    Keywords

    Territorial Capital; Cohesion Policy; Central and Eastern European Countries;

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • 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

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