Comparing the economic development and current situation of the internal markets of the U.S. and the EU, two things are … noticeable. On the one hand, the EU is conducting massive regional policy programmes (notably the Structural Funds) to foster …-average GDP per capita while in the EU approximately 31\% of the total population lives in such regions eligible for structural …

important insights on the economic catch-up exhibited by the new EU members in light of the institutional changes and … convergence in the EU, however, we identify subgroups that converge to different steady states using an iterative testing … suggests a clear separation between the new and old EU member states in the long run. …

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 …