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Eu Cohesion Policy In Context: Does A Bottom-Up Approach Work In All Regions?

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  • Riccardo Crescenzi
  • Mara Giua

Abstract

This paper looks at the European Union as a laboratory to study how ‘spatially-targeted’ policies (i.e. the EU Cohesion and Rural Development Policies) interact with sectoral ‘spatially-blind’ policies (i.e. the Common Agricultural Policy - CAP), jointly shaping regional growth dynamics. The analysis of the drivers of regional growth shows that the EU Regional Policy has a positive influence on economic growth in all regions. However, its impact is stronger in the most socio-economically advanced areas and is maximised when its expenditure is complemented by Rural Development and CAP funds. The top-down funding of the CAP seems to be able to concentrate some benefits in the most deprived areas. This suggests that bottom-up policies are not always the best approach to territorial cohesion. Top-down policies may – in some cases – be effective in order to channel resources to the most socioeconomically deprived areas. Territorial cohesion requires the flexible integration and coordination of both bottom-up and top-down approaches.

Suggested Citation

  • Riccardo Crescenzi & Mara Giua, 2016. "Eu Cohesion Policy In Context: Does A Bottom-Up Approach Work In All Regions?," Departmental Working Papers of Economics - University 'Roma Tre' 0206, Department of Economics - University Roma Tre.
  • Handle: RePEc:rtr:wpaper:0206
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    More about this item

    Keywords

    Regional Policy; European Union; Regional Growth; Rural Development; Common Agricultural Policy;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • 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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