Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300266 
Year of Publication: 
2024
Series/Report no.: 
ZEW Discussion Papers No. 24-041
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
This chapter discusses factors that contributed to different economic dynamics across European regions and the prevailing disparities. The impact of EU Cohesion Policy in reducing disparities is studied based on the empirical evidence on the effects of EU regional policy. With more than thirty years of experience, several important conclusions can be drawn about the effectiveness and efficiency of place-based transfers in Europe. While EU regional policy has not completely countered market-driven processes that lead to regional disparities, it appears to have modestly alleviated them. To enhance the effectiveness of EU Cohesion Policy, this chapter advocates for an improved policy design and a shift in emphasis towards local institutions and governments in recipient regions, emphasizing that merely increasing the volume of transfers cannot compensate for these improvements.
Subjects: 
EU Structural Policy
Place-based policies
regional inequality
economic geography
JEL: 
R10
R50
H20
F20
D70
Document Type: 
Working Paper

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