The equity-efficiency trade-off of the European cohesion policy

Tryfonas Christou, Francesca Crucitti, Abian Garcia Rodriguez (), Nicholas Lazarou () and Simone Salotti
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Abian Garcia Rodriguez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Nicholas Lazarou: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC133380, JRC Research Reports from Joint Research Centre

Abstract: The European cohesion policy aims to strengthen economic, social and territorial cohesion, and to correct imbalances between countries and regions. The existing evidence on the impact of the policy on the regions of the European Union (EU) suggests that it is capable of positively influencing cohesion, triggering convergence at the country level. Little is known about the effects of the policy on within-country regional inequality, which is an important dimension of economic disparities. The results summarised here focus on the impact of cohesion policy investments on regional disparities within countries targeted by the policy. The investments can target either peripheral regions or core regions within each country. The economic impacts in the two types of regions differ substantially in terms of magnitude and spillovers generated. Investing in core regions may maximise country-wide returns, but it could be harmful to within-country regional disparities.

Keywords: rhomolo; general equilibrium; economic growth; cohesion policy (search for similar items in EconPapers)
JEL-codes: C68 R13 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2023-04
New Economics Papers: this item is included in nep-eec, nep-ifn, nep-mfd and nep-ure
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