The Impact of EU Regional Support on Growth and Convergence in the European Union

Abstract

The evidence presented in this article suggests that EU regional support has a significant and positive impact on the growth performance of European regions. Moreover, there are signs of a change in the impact of this support in the 1990s, indicating that the major reform of the structural funds undertaken in 1988 may have succeeded in making EU regional policy more effective. However, the results also indicate that the economic effects of such support are much stronger in more developed environments, emphasizing the importance of accompanying policies that improve the competence of the receiving environments.