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The contribution of Cohesion Funds and nationally funded public investment to regional growth: evidence from Greece

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  • Yannis Psycharis
  • Vassilis Tselios
  • Panayotis Pantazis

Abstract

This paper sets out to estimate the contribution of European Union co-financed and nationally funded public investment expenditures to regional growth in Greece during the period 2000–14. The results are sensitive to the time period and the geographical level of the interventions. While nationally funded projects boosted the growth performance of the regions before the eruption of the economic crisis, there is no indication that the European Union co-financed projects have led to increased growth. The results question the additionality and coordination between European Union Cohesion Policy and the domestic regional policies for the promotion of regional growth in the less well-off regions of Europe.

Suggested Citation

  • Yannis Psycharis & Vassilis Tselios & Panayotis Pantazis, 2020. "The contribution of Cohesion Funds and nationally funded public investment to regional growth: evidence from Greece," Regional Studies, Taylor & Francis Journals, vol. 54(1), pages 95-105, January.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:1:p:95-105
    DOI: 10.1080/00343404.2018.1525696
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    Cited by:

    1. Chunxia Sun & Hafiz Syed Mohsin Abbas & Xiaodong Xu & Samreen Gillani & Saif Ullah & Muhammad Ahsan Ali Raza, 2023. "Role of capital investment, investment risks, and globalization in economic growth," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1883-1898, April.
    2. Lefteris Topaloglou & Lefteris Ioannidis, 2022. "From transition management towards just transition and place-based governance. Τhe case of Western Macedonia in Greece," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 18(3), pages 37-74.
    3. Eirini Aivazidou & Giovanni Cunico & Edoardo Mollona, 2020. "Beyond the EU Structural Funds’ Absorption Rate: How Do Regions Really Perform?," Economies, MDPI, vol. 8(3), pages 1-24, July.
    4. Arbolino, Roberta & Caro, Paolo Di, 2021. "Can the EU funds promote regional resilience at time of Covid-19? Insights from the Great Recession11We thank the Editors and the four anonymous referees for helpful comments. We also thank Emanuele C," Journal of Policy Modeling, Elsevier, vol. 43(1), pages 109-126.
    5. Eduardo Medeiros, 2020. "Portugal 2020: An Effective Policy Platform to Promote Sustainable Territorial Development?," Sustainability, MDPI, vol. 12(3), pages 1-16, February.

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