Structural funds are one of the regional policy instruments that are most intensively used in the promotion of regional convergence in between the member states of the European Union. There remains, however, many empirical and theoretical divergences in the literature as to their effectiveness...

Cluster policy has arrived at the mainstream of economic policy since the early 1990. In many developing countries including those on the African continent, clusters on the regional and local levels have been promoted. The North African countries offer an interesting case because of their...

The geopolitical change of direction taking place after 1989 induced a number of positive and negatíve social and economic changes in Hungary (as in the other post-socialist countries). Among the latter changes perhaps the most depressing one is that in the past two decades economic policy has...

The principle aims of regional policy can be encapsulated in terms of ‘spatial equity’ and ‘economic efficiency’. Establishing the relation between these two aims is of fundamental importance. Conventionally, however, it is assumed that there is a conflict or a ‘trade-off’ between...

This paper looks at the Cohesion Policy of the European Union (EU) and investigates how the EU agricultural and rural development policies shape its influence on regional growth. The analysis of the drivers of regional growth shows that the EU Regional Policy has a positive and significant...

During the past two decades, the “Washington Consensus” has been the dominant recipe for unleashing economic growth in developing countries. In view of the strong criticism mounted against it, it seems to have lost prominence recently. The success of the East Asian newly industrialized...

Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major program to support manufacturing jobs...

Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major program to support manufacturing jobs...

Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro-econometric evaluation of their causal effects is rare. We exploit multiple changes in the area-specific eligibility criteria for a major program to support manufacturing jobs...