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Institutions and Cohesion Policy in the European Union

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  • Arnaoutoglou, Nikolaos-Boleslav

Abstract

This paper examines one of the most significant policies of the European Union, namely the cohesion policy, focusing on the institutions which shaped it and are responsible for its implementation. With this in mind, first, the appropriate literature is reviewed. Second, using scatterplots, the correlation between the quality of regional institutions and the absorption of funds from the European Regional Development Fund for the operational period 2014-2020 is tested. The findings of this dual assessment demonstrate that institutions, especially regional, are one of the most vital cogs for a region’s ability to absorb cohesion policy’s funds. In turn, this observation is of great importance as the member-states are bound to use the European Recovery and Resilience Fund to overcome the effects of the COVID-19 subsequent economic crisis.

Suggested Citation

  • Arnaoutoglou, Nikolaos-Boleslav, 2022. "Institutions and Cohesion Policy in the European Union," MPRA Paper 113543, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113543
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    File URL: https://mpra.ub.uni-muenchen.de/113543/1/MPRA_paper_113543.pdf
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    References listed on IDEAS

    as
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    2. Andr�s Rodr�guez-Pose & Enrique Garcilazo, 2015. "Quality of Government and the Returns of Investment: Examining the Impact of Cohesion Expenditure in European Regions," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1274-1290, August.
    3. Dani Rodrik, 2006. "Institutions for High-Quality Growth: What They Are and How to Acquire Them," Chapters, in: Kartik Roy & Jörn Sideras (ed.), Institutions, Globalisation and Empowerment, chapter 2, Edward Elgar Publishing.
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    5. Gruševaja, Marina & Pusch, Toralf, 2011. "How does Institutional Setting Affect the Impact of EU Structural Funds on Economic Cohesion? New Evidence from Central and Eastern Europe," IWH Discussion Papers 17/2011, Halle Institute for Economic Research (IWH).
    6. Silvia Merler, 2016. "Income convergence during the crisis- did EU funds provide a buffer?," Working Papers 17081, Bruegel.
    7. Kaldor, Nicholas, 1975. "Economic Growth and the Verdoorn Law-A Comment on Mr. Rowthorn's Article," Economic Journal, Royal Economic Society, vol. 85(340), pages 891-896, December.
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    11. Rodríguez-Pose, Andrés & Ketterer, Tobias, 2016. "Institutions vs. ‘First-Nature’ Geography – What Drives Economic Growth in Europe’s Regions?," CEPR Discussion Papers 11322, C.E.P.R. Discussion Papers.
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    More about this item

    Keywords

    European Union; Cohesion Policy; ERDF; Institutions; Rule of law; COVID-19;
    All these keywords.

    JEL classification:

    • K0 - Law and Economics - - General

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