The Future of EU Cohesion Policy. Endogenous Development – Added Value of Intervention – Regulatory Frameworks

Kengyel, Ákos (2012) The Future of EU Cohesion Policy. Endogenous Development – Added Value of Intervention – Regulatory Frameworks. Working Paper. Corvinus University of Budapest, Department of World Economy, Budapest.

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The successful operation of the regional development – or cohesion – policy of the European Union has a strategic importance from the point of view of the whole integration process. Strengthening economic, social and territorial cohesion and decreasing disparities between member states and regions are not only one of the main priorities of the integration, but at the same time these are justified expectations of the people living in the member states of the union. The cohesion transfers should be spent on those factors which have the biggest contribution to the improvement of development prospects and competitiveness in the given regions. Theories on regional development have controversial conclusions about the long-term formation of development disparities. However, it has become evident that successful development policies are based on endogenous factors, innovation and well-functioning institutions. After examining theoretical considerations and regional disparities the study analyses the impacts of EU regional policy and evaluates the main elements of the proposed regulatory frameworks for the period 2014-2020.

Item Type:Monograph (Working Paper)
Uncontrolled Keywords:cohesion policy, endogenous development, convergence
Divisions:Faculty of Economics > Department of World Economy
Subjects:Regional economy
Economic development
ID Code:580
Deposited By: Ádám Hoffmann
Deposited On:22 Mar 2012 15:00
Last Modified:03 Jul 2012 01:27

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