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This paper analyses the effects of the EU Cohesion Policy (CP) on the economic growth of 276 European NUTS-2 regions between 2008 and 2016. Using a structural equation model (SEM) consisting of both a measurement component (with two latent variables) and a structural component, we estimate the...
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-run convergence and short-run economic performance. …
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member countries. On the one hand, (partially small) hints for convergence can be found for several countries. On the other …
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We establish a convergence theorem that shows that discrete-time recursive utility, as developed by Kreps and Porteus …
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