Closing the prosperity gap between regions has always been a key political aspiration of the European Union - and cohesion policy is the primary means to achieve that goal. Europe is currently undergoing a digital and green transition that is drastically changing the way its economy works. How...

The aim of the European Union's cohesion policy is to reduce development inequalities between the regions of the Member States and to increase economic, social, and territorial cohesion. Expenditures on it account for one‑third of the European Union (EU) budget. Therefore, the appropriate and...

The paper aims to enrich the discussion on the Research and Innovation Strategies for Smart Specialisation (RIS3) and ongoing development of macro-regions in the EU. EU macro-regions are defined as geographical related places that are considered to be socially, economically, and historically...

In this paper, we present new evidence on the EU cohesion policy’s last concluded programming period (2007-2013). We depart from the broadly used GDP-growth approach and evaluate the multidimensional impact of EU Structural Funds (SFs) on a large battery of regional indicators including...

This paper focuses on the impact of EU structural funds (SFs) on the GDP per capita of 183 European NUTS2 regions from 1990 to 2016. To allow for the endogeneity of funds allocation to regions, we estimate a bivariate structural panel VAR model, controlling for unobserved heterogeneity through a...

The paper presents a critical assessment of EU Cohesion Policy's rationale and specific features through the lenses of theories loosely referred to as "new industrial policy". Theoretical work in this areas is important in order to clarify the role of Cohesion Policy in the context of the...