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Cohesion project characteristics and regional economic growth in the European Union

Author

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  • Darvas, Zsolt
  • Mazza, Jan
  • Midões, Catarina

Abstract

We employ a novel methodology for the study of the characteristics of successful European Union cohesion projects. We first estimated ‘unexplained economic growth’ by controlling for the influence of various region-specific factors, and then analysed its relationship with about two dozen cohesion project characteristics. We found that the best-performing regions have on average projects with longer durations, more inter-regional focus, lower national co-financing, more national (as opposed to regional and local) management, higher proportions of private or non-profit participants among the beneficiaries and higher levels of funding from the Cohesion Fund. No clear patterns emerged concerning the sector of intervention.

Suggested Citation

  • Darvas, Zsolt & Mazza, Jan & Midões, Catarina, 2021. "Cohesion project characteristics and regional economic growth in the European Union," Corvinus Economics Working Papers (CEWP) 2021/03, Corvinus University of Budapest.
    • Handle: RePEc:cvh:coecwp:2021/03
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    File URL: https://unipub.lib.uni-corvinus.hu/6420/
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    Cited by:

    1. Angelou, K. & Maragakis, M. & Kosmidis, K. & Argyrakis, P., 2021. "The evolution of triangular research and innovation collaborations in the European area," Journal of Informetrics, Elsevier, vol. 15(3).

    More about this item

    Keywords

    EU cohesion policy; growth determinants; regional convergence; project characteristics;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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