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The impact of European regional cohesion policy on NUTS 3 disparities

Author

Listed:
  • Ana María López-Villuendas

    (Universidad Complutense de Madrid)

  • Cristina Campo

    (Universidad Complutense de Madrid)

Abstract

The impact of the European Union’s cohesion policy is still controversial. Now more than ever, there is a particular demand for the regional cohesion policy to be impactful and effective. In this context, the paper aims to determine the effect of the regional cohesion policy on the NUTS 3 economic disparities. Although the regions eligible to receive structural funds, the main financial instrument of the regional cohesion policy, are defined at NUTS 2 level, some local effects that remain hidden at this level and affect disparities might be revealed by performing the analysis at a finer level of disaggregation, the NUTS 3 level. Our results show that the impact of structural funds on regional disparities is not as expected, as eligible regions experience a larger increase in disparities than non-eligible ones.

Suggested Citation

  • Ana María López-Villuendas & Cristina Campo, 2024. "The impact of European regional cohesion policy on NUTS 3 disparities," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(3), pages 1297-1319, October.
    • Handle: RePEc:spr:anresc:v:73:y:2024:i:3:d:10.1007_s00168-024-01291-0
    DOI: 10.1007/s00168-024-01291-0
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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • F02 - International Economics - - General - - - International Economic Order and Integration

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