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The Impact of the Regional Policy on the European Economy

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  • Romeo-Victor Ionescu

    (Romanian Regional Science Association)

Abstract

Nowadays, EU28 operates in a very sensitive socio-economic environment. This is why the paper faces to the idea of changing the political approach in the EU. In order to support this idea, two essential common policies (Regional Policy and Cohesion Policy) are analyzed, using pertinent indicators, as GDP per capita, gross value added and labor productivity. A comparative analysis covers EU28 and Euro area. On the other hand, the regional analysis points out the economic disparities between NUTS2 regions. The intermediate conclusions of the analysis led to a cluster approach for the Member States. Moreover, the forecasting procedures applied to the above three economic indicators led to the same idea: an EU more divided than integrated. The main conclusion of the paper is that the present economic approach has to be change into another focused on maintaining and, after that, decreasing the present European socio-economic disparities.

Suggested Citation

  • Romeo-Victor Ionescu, 2016. "The Impact of the Regional Policy on the European Economy," EuroEconomica, Danubius University of Galati, issue 1(35), pages 26-35, may.
    • Handle: RePEc:dug:journl:y:2016:i:1:p:26-35
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/3257/3247
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    References listed on IDEAS

    as
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    5. Guido Pellegrini & Flavia Terribile & Ornella Tarola & Teo Muccigrosso & Federica Busillo, 2013. "Measuring the effects of European Regional Policy on economic growth: A regression discontinuity approach," Papers in Regional Science, Wiley Blackwell, vol. 92(1), pages 217-233, March.
    6. Ron Boschma, 2014. "Constructing Regional Advantage and Smart Specialisation: Comparison of Two European Policy Concepts," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(1), pages 51-68.
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