Constraining and enabling factors of a successful regional policy in Europe


Fratesi, Ugo


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URN: urn:nbn:de:bsz:180-madoc-679718
Document Type: Working paper
Year of publication: 2024
The title of a journal, publication series: ZEW Discussion Papers
Volume: 24-048
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: R58 , R11 , R12,
Keywords (English): regional policy , cohesion , EU , conditioning factors
Abstract: Recent papers show that the impact of Cohesion Policy is not uniform in space but larger, smaller or insignificant depending on the regions. These outcomes mostly depend on the characteristics of each territory (conditioning factors). This paper reviews them and investigates, through descriptive statistical techniques, their presence in European regions. European regions are then classified in terms of need on two dimensions: GDP per capita and GDP growth. Results show that most policy favourable conditioning factors are also factors of growth. As a consequence of that, the potential policy impact is often larger in those regions which are less in need of support. In terms of policy consequence, cohesion policy should remain place‐based and fully consider the regional specificities, as well the specificities of the various territories inside a region. However, since the conditioning factors for policy effectiveness are less present in regions more in need, acceptting trade‐offs will be required, and in particular one between growth and policy effectiveness on one hand and territorial cohesion on the other. Lagging regions will also require interventions creating framework conditions, and those territorial assets which they are missing.




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