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Income convergence and regional policies in Europe: results and future challenges

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  • Hallet, Martin

Abstract

A frequently expressed criticism on regional polices in Europe is that they seem to have hardly any effect in view of the little progress in regional convergence over the last two decades. The paper criticises this view for being overly simplistic for several reasons. First, it does not differentiate between the developments in different types of countries. Second, it attributes the income performance of regions exclusively to regional policy expenditure, although several other factors need to be in place in order to have a visible effect in terms of income convergence. Third, concluding from the income performance on the success or failure of policies fails to take into account the counterfactual situation, i.e. it does not properly analyse what would have happened in the absence of these policies. The paper elaborates on these arguments on the basis of stylised facts of regional disparities in Europe, main determinants of income convergence and the role of EU Structural Funds. It concludes by discussing some of the main future challenges of regional policies in Europe.

Suggested Citation

  • Hallet, Martin, 2002. "Income convergence and regional policies in Europe: results and future challenges," ERSA conference papers ersa02p080, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa02p080
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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa02/cd-rom/papers/080.pdf
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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
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    Cited by:

    1. Sapir, Andre & Aghion, Philippe & Bertola, Giuseppe & Hellwig, Martin & Pisani-Ferry, Jean & Rosati, Dariusz & Vinals, Jose & Wallace, Helen, 2004. "An Agenda for a Growing Europe: The Sapir Report," OUP Catalogue, Oxford University Press, number 9780199271498.
    2. Jaroslav Danhel & Eva Duchackova, 2014. "Behavioural and Empirical Topics for Discussion on Economic Science Paradigms," ACTA VSFS, University of Finance and Administration, vol. 8(2), pages 100-112.
    3. Tomas Konecny, 2014. "Linkages between the Financial and Real Sectors across Interest Rate Regimes: The Case of the Czech Republic," ACTA VSFS, University of Finance and Administration, vol. 8(2), pages 113-131.
    4. Jan Zapal, 2014. "Consumption Tax Incidence: Evidence from Natural Experiment in the Czech Republic," ACTA VSFS, University of Finance and Administration, vol. 8(2), pages 149-166.
    5. Frank Barry & Iain Begg, 2003. "EMU and Cohesion: Introduction," Journal of Common Market Studies, Wiley Blackwell, vol. 41(5), pages 781-796, December.
    6. Mihaela Simionescu, 2014. "The Beta-convergence Analysis and Regional Disparities in EU-28," ACTA VSFS, University of Finance and Administration, vol. 8(2), pages 167-177.
    7. Barbara Pertold-Gebicka, 2014. "Job Market Polarization and Employment Protection in Europe," ACTA VSFS, University of Finance and Administration, vol. 8(2), pages 133-148.
    8. Dimitris Kallioras & George Petrakos & Georgios Fotopoulos, 2005. "Economic integration, regional structural change and cohesion in the EU new member-states," ERSA conference papers ersa05p383, European Regional Science Association.
    9. Petrakos, George & Dimitris, Kallioras & Ageliki, Anagnostou, 2007. "A Generalized Model of Regional Economic Growth in the European Union," Papers DYNREG12, Economic and Social Research Institute (ESRI).

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