THE CONTRIBUTION OF COHESION POLICY TO THE DEVELOPMENT AND CONVERGENCE OF THE REGIONS OF THE EUROPEAN UNION

Panagiotis Koudoumakis (), George Botzoris () and Angelos Protopapas ()
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Panagiotis Koudoumakis: Dr. Civil Engineer, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece
George Botzoris: Associate Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece
Angelos Protopapas: Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

Regional Science Inquiry, 2021, vol. XIII, issue 2, 277-290

Abstract: The Cohesion Policy’s (CP) contribution to the development and convergence of EU regions is examined by utilizing the most complete historical data about CP payments regionally. Through the implementation of the neoclassical econometric model, the positive contribution, with a room of improvement, of CP to development and convergence of EU regions is substantiated. Moreover, the contribution of the secondary sector is emerging as the most critical. It is argued that the provision of reliable data of the implementation of CP contributes decisively towards reducing the complexity and heterogeneity of results. Also increases their potential to be utilized in assessment and design programs.

Keywords: Cohesion Policy of the European Union; Regional development and convergence; Econometric model; Data reliability and representativeness; Secondary sector (search for similar items in EconPapers)
JEL-codes: R11 R15 R58 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hrs:journl:v:xiii:y:2021:i:2:p:277-290

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