A Parallel on the Results of Cohesion Policy in Stimulating the Regional Economic Growth in EU

Camelia Mădălina Beldiman
Additional contact information
Camelia Mădălina Beldiman: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2022, issue 1, 61-66

Abstract: This paper provides a relevant and balanced analysis of sustainable regional development, taking into consideration the reduction of disparities in economic development between regions and the evolution of the cohesion strategy. The first part of the essay converges on meeting the purposes of diminishing economic and social discrepancies, by promoting cohesion policy, which aims to increase economic growth. The main instruments and mechanisms underlying the implementation of the cohesion policy are mainly the reallocation of chunk of the Community budget attained through the subsidy of the Member States to disadvantaged regions, advising solutions such as: lowering the inflation rate, reducing unemployment, increasing per capita income, creating new jobs, liberalizing the movement of goods and services markets. I started from some ideas, which would allow the achievement of the objectives of stimulating the economic growth on the existing situation, but also a simulation for the next period, considering that the following factors suggested by me will bring an extra performance in the economic analysis. These factors aim to support investment in innovation or renewable sources, and physical capital, technical progress, human and public capital have a positive impact on the development of all regions, thus contributing to a more competitive and balanced Union.

Keywords: regional development; cohesion; convergence; divergence; disparities (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.eia.feaa.ugal.ro/images/eia/2022_1/Beldiman1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2022:i:1:p:61-66

DOI: 10.35219/eai15840409245

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().