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Future perspectives of EU Cohesion Policy

Author

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  • Gerhard Untiedt

    (GEFRA - Gesellschaft fuer Finanz- und Regionalanalysen)

  • John Bradley

    (EMDS - Economic Modelling and Development Strategies)

Abstract

Unlike the single European market and the single currency, EU cohesion policy – although the subject of major reforms at the end of the 1980s - has never been ex-posed to as rigorous investigation and research about its objectives and impact evaluation as the other two policy initiatives. As a result, the cohesion policy cycle consisting of design, implementation, monitoring and impact evaluation shows weaknesses at all of its stages, but especially at the microeconomic and macroeco-nomic level. In this paper we look at the different issues that influence approaches to EU cohesion policy, critique the way the policy cycle is implemented in practice, and conclude that a more rigorous and systematic approach is necessary and feasi-ble in order to justify the interventions in terms of returns to the investments.

Suggested Citation

  • Gerhard Untiedt & John Bradley, 2012. "Future perspectives of EU Cohesion Policy," Working Papers 7-2012, GEFRA - Gesellschaft fuer Finanz- und Regionalanalysen.
    • Handle: RePEc:gef:wpaper:7-2012
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    File URL: http://www.gefra-muenster.org/downloads/doc/GEFRA-WP-2012-7.pdf
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    References listed on IDEAS

    as
    1. Baker, Terence J. & FitzGerald, John & Honohan, Patrick, 1996. "Economic Implications for Ireland of EMU," Research Series, Economic and Social Research Institute (ESRI), number PRS28.
    2. John Bradley & Timo Mitze & Edgar Morgenroth & Gerhard Untiedt, 2006. "How can we know if EU cohesion policy is successful? Integrating micro and macro approaches to the evaluation of Structural Funds," Working Papers 1-2006, GEFRA - Gesellschaft fuer Finanz- und Regionalanalysen.
    3. Richard Baldwin & Rikard Forslid & Philippe Martin & Gianmarco Ottaviano & Frederic Robert-Nicoud, 2005. "Economic Geography and Public Policy," Economics Books, Princeton University Press, edition 1, number 7524.
    4. Ulrike Stierle-von Schütz & Michael H. Stierle & Frederic B. Jennings Jr & Adrian T.H. Kuah (ed.), 2008. "Regional Economic Policy in Europe," Books, Edward Elgar Publishing, number 13227.
    5. Honohan, Patrick (ed.), 1997. "EU Structural Funds in Ireland: A Mid-Term Evaluation of the CSF 1994-99," Research Series, Economic and Social Research Institute (ESRI), number PRS31.
    6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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