This paper asks whether we can, from an economic point of view, justify the EU Cohesion Policy. To this end, our research - using structural equation modelling, macro-economic modelling and regional inputoutput analysis - found a) positive dynamic effects of Cohesion Policy on regional growth,...

This paper develops a simple method to consistently break down world input-output tables to regional input-output tables. They are used to estimate Cohesion Policy-induced demand spillovers in the EU, covering the years 2007-2018. Results indicate that Cohesion spillovers from less developed...

During the programming period 2007-2013 the Cohesion Policy of EU was adopted and is also implemented the policy of territorial co-operation with third countries. In this framework, the EU co-finances (through the European Regional Development Fund, the pre-accession instrument and the...