The real convergence process within the European Union at regional level is the main goal of the cohesion policy. Less developed regions belong mainly to Central and East European countries and aim at catching-up with other EU regions. According to Eurostat, Romania has 28 predominantly rural...

Due to problems with existing methodologies that aim to identify the causal impact of European Union cohesion policy on economic growth, we adopted a novel methodology. We first estimated 'unexplained economic growth' by controlling for the influence of various region-specific factors, and then...

We augment the existing literature on regional convergence by uncovering a number of stylized facts on the heterogeneity of regional convergence processes in the absence of currency devaluation as a key policy instrument, and use them to highlight reform strategies that are most likely to be...

Although there exists abundant literature about convergence across the Spanish regions, most of the research has been developed by using cross-section regressions or data panel techniques with fixed effects, resulting in biased estimates that may make their conclusions less tenable. In addition,...