EU regional development policy and territorial capital: A systemic approach. Issue 1 (17th April 2018)

• Record Type: Journal Article
• Authors: Fratesi, Ugo; Perucca, Giovanni
• Is Part Of: Papers in regional science. Volume 98:Issue 1(2019)
• Page Start: 265
• Page End: 281
• Publication Date: 2018-04-17
• Subjects: Cohesion Policy -- policy impact -- regional policy -- territorial capital; Regional planning -- Periodicals; City planning -- Periodicals; Urbanization -- Periodicals; Economic geography -- Periodicals; 307.12
• DOI: 10.1111/pirs.12360
• Languages: English
• ISSNs: 1056-8190

Abstract

Abstract: The territorial capital of regions is an important determinant of growth, but also of the impact of EU Cohesion Policy. First, because it can act as a filter, enhancing the impact of regional policies. Second, the latter can help building territorial capital which, in turn, will foster regional development. This work analyses the medium and long‐run relationship between the territorial capital of EU NUTS 3 regions and Cohesion Policy using data from the programming period 2000–2006. Results point out complementarities between different territorial assets of regions and the impact of EU regional policy: Cohesion Policy effectiveness is higher when investments are focused on the assets complementary to those already abundant in the region.