Masterarbeit, 2017
62 Seiten, Note: 1,7
This work explores the effectiveness of the European Cohesion Policy and its impact on regional development within the framework of the Solow model. The study aims to analyze the contribution of the European Regional Development Fund (ERDF) in fostering economic convergence across European regions.
The introduction provides an overview of the research topic, outlining the objectives and key themes of the study. Chapter 5 delves into the policy background of the European Cohesion Policy, examining its evolution and the role of the ERDF in promoting regional development. Chapter 6 explores the relevant literature, focusing on neoclassical growth theory, endogenous growth theory, and other theoretical approaches to evaluate the effectiveness of the ERDF. Chapter 7 presents empirical evidence on the effectiveness of structural funds and their contribution to economic convergence. This chapter examines the impact of ERDF support on regional development and analyzes the policy implications of these findings.
The key terms and concepts of the work include: European Cohesion Policy, European Regional Development Fund (ERDF), economic convergence, regional development, neoclassical growth theory, endogenous growth theory, structural funds, effectiveness of development aid, and policy implications.
The long-term objective is the convergence of income and GDP per capita levels across all EU member states to reduce regional welfare differences.
The ERDF is the most important financial instrument of cohesion policy, supporting projects that directly aim to foster economic convergence.
The study uses the neoclassical Solow Model to analyze whether structural funds effectively promote long-term economic growth and regional development.
The book delivers empirical results on the conditional effectiveness of these funds, showing how they contribute to economic convergence in different regions.
Nowadays, cohesion policy accounts for more than one third of the total budget of the European Union.
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