scholarly journals Mediating Effects of Cohesion Policy and Institutional Quality on Convergence between EU Regions: An Examination Based on a Conditional Beta-Convergence Model with a 3-Way Multiplicative Term

2020 ◽  
Vol 12 (7) ◽  
pp. 3025
Author(s):  
Mindaugas Butkus ◽  
Alma Mačiulytė-Šniukienė ◽  
Kristina Matuzevičiūtė
Keyword(s):  
Institutional Quality ◽  
Policy Outcomes ◽  
Regional Convergence ◽  
Mediating Effects ◽  
Cohesion Policy ◽  
Mediating Factors ◽  
Conditional Beta ◽  
Programming Period ◽  
Convergence Model ◽  
Beta Convergence

The paper contributes to the existing literature on the EU’s Cohesion Policy outcomes by extending the conditional beta-convergence model with a 3-way multiplicative term to examine the mediating effects of the Cohesion Policy, institutional quality, and their interaction on regional convergence. The empirical analysis based on conditional slope coefficients and conditional standard errors provides evidence that both the mediating factors under consideration contribute positively to boosting regional convergence in the EU at the NUTS 2 and 3 disaggregation level, but with much bigger success over the 2007–2013 programming period compared to the previous one. Moreover, Cohesion Policy and institutional quality act as substituting rather than complementary mediating factors.

scholarly journals A New Approach to Examine Non-Linear and Mediated Growth and Convergence Outcomes of Cohesion Policy

Economies ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 103
Author(s):  
Mindaugas Butkus ◽  
Alma Maciulyte-Sniukiene ◽  
Renata Macaitiene ◽  
Kristina Matuzeviciute
Keyword(s):  
Institutional Quality ◽  
Standard Errors ◽  
Cohesion Policy ◽  
New Approach ◽  
Wide Range ◽  
Non Linear ◽  
Scale Down ◽  
Research Findings ◽  
Programming Period ◽  
Convergence Model

This paper contributes to a wide range of studies on Cohesion policy (CP) outcomes by proposing a new approach to directly examine its effect on convergence. We extended the non-linear specification of the conditional β-convergence model by introducing 2- and 3-way multiplicative terms and institutions as moderators not only for growth but also for convergence. By developing and calculating conditional slope coefficients and their standard errors, we found empirical evidence that institutional quality can scale down the diminishing marginal impact of funding and even trigger its increase. Our evidence regarding changes to disaggregation levels, programming period, and CP outcomes is robust. Our research findings suggest a redistribution of funds over the 2021–2027 period in favour of projects dedicated to enhancing institutional quality.

Evaluation of Eu Cohesion Policy Impact on Regional Convergence: Do Culture Differences Matter?

2016 ◽  
Vol 13 (1) ◽  
pp. 41-52
Author(s):  
Mindaugas Butkus ◽  
Kristina Matuzevičiūtė
Keyword(s):  
Regional Policy ◽  
Causal Link ◽  
Policy Impact ◽  
Regional Convergence ◽  
Cultural Dimension ◽  
Cohesion Policy ◽  
Cultural Experience ◽  
The North ◽  
Programming Period ◽  
The 1960S

Abstract Attention to the harmonised economic growth by promoting regional economic convergence was paid in the 1960s, at the commencement of European economic integration. It served as a basis for initiation of programs intended to reduce disparities among regions. For the current programming period (2014-2020) over 350 billion euro was allocated to promote cohesion (more than 340 billion for 2007-2013 and about 213 billion for 2000-2006) and a considerable part of that funding went specially to promote regional convergence; therefore, the analysis of regional convergence in the EU countries is essential due to both economic and financial reasons. Regional policy can be considered successful if regional disparities are found to be decreasing; however, research on convergence/divergence issue has not provided any unambiguous conclusions. We aim to enrich this field of analysis by incorporating cultural dimension while analysing the factors influencing regional convergence. In order to identify a causal link between culture and economic outcomes, we define culture as the customary beliefs and values that ethnic, religious and social groups transmit almost unchanged from generation to generation. Our research hypothesis is that regional policy impact on regional convergence differs between groups of countries characterised by historically diverse cultural experience. Using panel data approach like FD and covering the two last programming periods along with a set of variables to control country-specific economic environment, we investigate whether the success of Cohesion policy has depended on cultural differences in the north, south, west and central-east groups of European countries.

scholarly journals Comparative analysis of the strategic objectives of European Union for the past programming period 2007-2013 and for the current programming period 2014-2020

2016 ◽  
Vol 5 (1-2) ◽  
pp. 64-70
Author(s):  
Miroslav Raicov ◽  
Andrea Fehér ◽  
Tabita Adamov ◽  
Sorin Stanciu
Keyword(s):  
European Union ◽  
Life Quality ◽  
Business Environment ◽  
Local Context ◽  
The European Union ◽  
Cohesion Policy ◽  
Member States ◽  
Research And Innovation ◽  
Employment Education ◽  
Programming Period

The growing competition between different regions, thus their activities performed under both within and outside the European Union represents a fact of the "globalized" world in which we are living. For many years, the regional disparities in terms of development level and life quality were subject to national policies of the Member States. Many improvements have been observed since the European Union initiated the policy of reducing them. The Cohesion Policy of the European Union has an unique irreplaceable role in the coagulation of integrated development strategies, comprising interventions in different areas, such as infrastructure, research and innovation, employment, education, business, environment protection, climate changes and energy efficiency within a package of coherent policies addressing to regional or even local context, being one of the most visible policies, especially in what regards the relationship with citizens. Thus, the Cohesion Policy target is represented by supporting the process of reducing the disparities between the regions and Member States more developed of the European Union and the ones that are less developed.

scholarly journals COHESION POLICY INSTRUMENTS SUPPORTING TOURISM DEVELOPMENT

2019 ◽  
Vol XXI (1) ◽  
pp. 38-46
Author(s):  
Natalia Dominiak
Keyword(s):  
European Union ◽  
Policy Instruments ◽  
The European Union ◽  
Cohesion Policy ◽  
Financial Perspective ◽  
Interdisciplinary Character ◽  
The Subject ◽  
Programming Period ◽  
Council Of Ministers ◽  
Empirical Material

The aim of the article is to discuss issues related to the development of tourism in the context of the possibility of financial support available from cohesion policy funds in the current financial perspective for the years 2014-2020. The particular attention was paid to the multifaceted nature of modern tourism and the directions of changes in the use of EU funds, referring to the completed programming period 2007-2013. An attempt was also made to indicate the significance of tourism in the section of the national economy of Poland and in the European Union, concentrating on its interdisciplinary character. Characteristics of cohesion policy, its goals and principles of functioning were made. The article is of a review nature, which means that the authors’ own materials and empirical material from the literature of the subject were used. The figures were obtained from reports published by the Chancellery of the Prime Minister of the Council of Ministers. It was found out that the amount of allocated funds for cohesion policy among all European Union countries in 2014-2020 is the highest for Poland and amounts to EUR 72.9 billion. There is an increase in the amount of funds allocated from the European Union to Poland, compared to the amount of allocated funds in the 2007-2013 perspective. It was also pointed out that the cohesion policy instruments mentioned above only indirectly contribute to the development of tourism, as the financing for 2014-2020 lacks programs and activities entirely dedicated to tourism.

scholarly journals Implementation of community cohesion policy in Italy and its role in elimination of regional disparities

2011 ◽  
Vol 13 (4) ◽  
pp. 27-45
Author(s):  
Krzysztof Lewandowski
Keyword(s):  
Future Development ◽  
Regional Policy ◽  
Regional Disparities ◽  
Cohesion Policy ◽  
Community Cohesion ◽  
Italian Regions ◽  
Community Policy ◽  
Barriers And Opportunities ◽  
Programming Period

The objective of this paper is to present the contribution of Community regional policy funds to achieving socio-economic cohesion of Italian regions eligible under Objective 1, as well as to discuss future development barriers and opportunities of these regions. The paper also provides a description of Italy's adjustment to the Community policy, the funds exploited by cohesive regions during the 2000-2006 programming period and their efficiency in the elimination of regional disparities.

scholarly journals Convergence of electricity consumption in Turkey: Spatial panel data analysis

2020 ◽  
Vol 67 (2) ◽  
pp. 241-256 ◽  
Author(s):  
Gülsüm Akarsu ◽  
Burcu Berke
Keyword(s):  
Economic Development ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Empirical Studies ◽  
Electricity Consumption ◽  
Spatial Panel ◽  
Spatial Panel Data ◽  
Per Capita ◽  
Conditional Beta ◽  
Beta Convergence

The issue of convergence has been discussed in many theoretical and empirical studies. Because per capita electricity consumption is considered as an indication of economic development, this study aims to determine the presence of ?absolute and conditional beta (?) convergence? of per capita total electricity consumption across the provinces of Turkey between 1986 and 2013. This work is the first investigation of electricity consumption convergence in Turkey. Based on the annual balanced panel data and the spatial panel data model, our findings indicate absolute ? convergence of per capita electricity consumption across the provinces of Turkey. We conclude that regional policies are successful in reducing regional disparities in per capita electricity consumption among the provinces of Turkey. However, other indicators of economic development should be examined to determine the overall convergence.

A Comparative Study on World-Wide Carbon Emission Convergence

2017 ◽  
pp. 779-796
Author(s):  
Chhanda Mandal ◽  
Anita Chattopadhyay Gupta
Keyword(s):  
Carbon Emission ◽  
Oecd Countries ◽  
Policy Formulation ◽  
Explanatory Variables ◽  
Emission Level ◽  
Lower Income Group ◽  
Change Policy ◽  
Per Capita ◽  
Conditional Beta ◽  
Beta Convergence

Environmental issue is one of the primary concerns in present global scenario for developed as well as developing countries and reducing the emission level of greenhouse gases is the common objective for all. Study of per capita carbon emission convergence is quite significant in the ongoing debate of climate change policy formulation and implementation as future emission level can only decide the incentive to shift to the clean technology. With a balanced panel of 79 countries and 50 years, over 1960-2009, we have tested for both sigma and beta convergence. The data exhibits a possible convergence in carbon emission. The countries are disaggregated twice, first into OECD and Non-OECD countries and then into five categories on the basis of income. OECD countries show absolute and conditional beta convergence, also with sigma convergence. Countries from lower income group have a lower degree of variability in dispersion in the time period being considered. The set of explanatory variables in this analysis are real GDP per capita, population growth rate and trade openness.

A Comparative Study on World-Wide Carbon Emission Convergence

2016 ◽  
pp. 430-447
Author(s):  
Chhanda Mandal ◽  
Anita Chattopadhyay Gupta
Keyword(s):  
Carbon Emission ◽  
Oecd Countries ◽  
Policy Formulation ◽  
Explanatory Variables ◽  
Emission Level ◽  
Lower Income Group ◽  
Change Policy ◽  
Per Capita ◽  
Conditional Beta ◽  
Beta Convergence

Environmental issue is one of the primary concerns in present global scenario for developed as well as developing countries and reducing the emission level of greenhouse gases is the common objective for all. Study of per capita carbon emission convergence is quite significant in the ongoing debate of climate change policy formulation and implementation as future emission level can only decide the incentive to shift to the clean technology. With a balanced panel of 79 countries and 50 years, over 1960-2009, we have tested for both sigma and beta convergence. The data exhibits a possible convergence in carbon emission. The countries are disaggregated twice, first into OECD and Non-OECD countries and then into five categories on the basis of income. OECD countries show absolute and conditional beta convergence, also with sigma convergence. Countries from lower income group have a lower degree of variability in dispersion in the time period being considered. The set of explanatory variables in this analysis are real GDP per capita, population growth rate and trade openness.

Convergence Anatomization of Aquaculture Production in Leading Fish-Producing Countries During the Period of 1997-2013

2019 ◽  
Vol 10 (1) ◽  
pp. 1-15
Author(s):  
Ramesh Chandra Das ◽  
Kamal Ray ◽  
Utpal Das ◽  
Bankim Chandra Ghosh
Keyword(s):  
Capita Income ◽  
Per Capita Income ◽  
Important Indicator ◽  
National Importance ◽  
Sigma Convergence ◽  
Per Capita ◽  
Conditional Beta ◽  
Developed Nations ◽  
Beta Convergence ◽  
Aquaculture Production

Growth and national importance of aquaculture production is empirically assessed as an important indicator of development. The present article aims to test whether the major aquaculture producing countries of the world are converging over time. The authors have applied the absolute and conditional beta convergence and sigma convergence approaches on the data of FAO for the period 1997-2013. The results show that there is an absolute beta convergence and sigma convergence among 25 major aquaculture producing countries; negative sign of coefficient of conditional beta convergence with per capita income is also noticed. It implies, the growth rates of aquaculture for developed nations are declining with rise in per capita income and backward fish-intensive countries are catching up with the giant producers like China and India. The cross-country variations are also going down which means that the countries' development gaps are getting narrowed by means of growth of aquaculture resources.

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