Advertisement

The EU Regional Policy and the Socio-economic Disadvantage of European Regions

  • Riccardo CrescenziEmail author
  • Andrés Rodríguez-Pose
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

The empirical evidence presented in the previous chapters has highlighted the importance of underlying socio-economic factors in translating innovation into economic growth. The analysis showed that this is true for both endogenously produced innovation (by means of local innovative efforts) and exogenous knowledge flows. This evidence suggests that the locational disadvantage of peripheral regions (mainly due to the reduced exposition to knowledge flows) may be compensated for by reinforcing their capability to translate existing knowledge into economic growth. The empirical analysis showed that this result could be achieved by addressing the local sources of socio-economic disadvantage. When the socio-economic sources of competitive disadvantage are effectively addressed, the capability to translate whatever kind of innovation into regional growth is enhanced.

Keywords

Structural Fund Competitive Disadvantage Inverse Mill Ratio Cohesion Policy Programming Period 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Armstrong HW (2001) European union regional policy. In: El-Agraa AM (ed) The European union, 6th edn. Prentice Hall, HarlowGoogle Scholar
  2. Baldwin R, Wyplosz C (2003) The economics of European integration. McGraw-Hill, LondonGoogle Scholar
  3. Boldrin M, Canova F (2001) Inequality and convergence in Europe’s regions: reconsidering European regional policies. Econ Policy 16:207–253CrossRefGoogle Scholar
  4. Canova F (2004) Testing for convergence clubs: a predictive density approach. Int Econ Rev 45:49–78CrossRefGoogle Scholar
  5. Cappelen A, Castellaci F, Fagerberg J, Verspagen B (2003) The impact of EU regional support on growth and convergence in the European Union. J Common Market Stud 41:621–644CrossRefGoogle Scholar
  6. Cliff AD, Ord JK (1981) Spatial processes: models and applications. Pion, LondonGoogle Scholar
  7. Dall’erba S (2005) Distribution of regional income and regional funds in Europe 1989–1999: an exploratory spatial data analysis. Ann Reg Sci 39:121–148CrossRefGoogle Scholar
  8. Green WH (2003) Econometric analysis. Prentice Hall, Upper Saddle RiverGoogle Scholar
  9. Heckman J (1979) Sample selection bias as a specification error. Econometrica 47:153–161CrossRefGoogle Scholar
  10. Iammarino S (2005) An evolutionary integrated view of regional systems of innovation: concepts, measures and historical perspectives. Eur Plan Stud 13(4):497–519CrossRefGoogle Scholar
  11. Jolliffe IT (1986) Principal component analysis. N Y J Int Bus Stud 32(4):641–665Google Scholar
  12. Magrini S (1999) The evolution of income disparities among the regions of the European union. Reg Sci Urban Econ 29:257–281CrossRefGoogle Scholar
  13. Midelfart-Knarvik H, Overman HG (2002) Delocation and European integration: is structural spending justified? Econ Pol 17(35):322–359Google Scholar
  14. Puga D (2002) European regional policy in the light of recent location theories. J Econ Geogr 2:373–406CrossRefGoogle Scholar
  15. Quah D (1996) Regional convergence clusters across Europe. Eur Econ Rev 40:951–958CrossRefGoogle Scholar
  16. Rodríguez-Pose A (1994) Socioeconomic restructuring and regional change: rethinking growth in the European community. Econ Geogr 70(4):325–343CrossRefGoogle Scholar
  17. Rodríguez-Pose A (1998a) The dynamics of regional growth in Europe: social and political factors. Oxford University Press, New YorkGoogle Scholar
  18. Rodríguez-Pose A (1999) Innovation prone and innovation averse societies. Economic performance in Europe. Growth Change 30:75–105CrossRefGoogle Scholar
  19. Rodríguez-Pose A, Fratesi U (2004) Between development and social policies: the impact of structural funds in objective 1 regions. Reg Stud 38(1):97–114CrossRefGoogle Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Geography and EnvironmentLondon School of EconomicsLondonUK
  2. 2.IMDEA Social SciencesMadridSpain

Personalised recommendations