The equity-efficiency trade-off of the European cohesion policy
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 positively influences cohesion, triggering convergence across countries. 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 the countries mainly targeted by the policy. The investments can take place in either peripheral regions or core regions within each country. The economic impacts in the two types of regions differ 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.
CHRISTOU Tryfonas;
CRUCITTI Francesca;
GARCIA RODRIGUEZ Abian;
LAZAROU Nicholas;
SALOTTI Simone;
2023-04-20
European Commission
JRC133380
https://publications.jrc.ec.europa.eu/repository/handle/JRC133380,
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