ON EUROPEAN UNION ECONOMIC GROWTH: IS COHESION POLICY STILL RELEVANT?
The geostrategic and macroeconomic landscaped is quickly changing and, lately at a faster pace. The European Union is faced with many challenges and has to find appropriate instruments to address them. Cohesion policy was a staple of EU instruments addressing regional disparities by supporting co...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
University of Oradea
2024-12-01
|
| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.10.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | The geostrategic and macroeconomic landscaped is quickly changing
and, lately at a faster pace. The European Union is faced with many challenges and
has to find appropriate instruments to address them. Cohesion policy was a staple
of EU instruments addressing regional disparities by supporting competitiveness,
human capital and territorial cohesion and quality of life. The fields of intervention
of the cohesion policy have increased over time and have diversified in a multitude
of objectives and programs diluting its resources. But new circumstances require
new approaches. NextGenerationEU RRF has risen to be an adapted instrument to
a multitude of crises with a performance mechanism that sees reforms performed
at the same time with investments. In this article we analyse the concepts, macroeconomic neoclassical theory and empiric results a show that there is still an
important role for the Cohesion policy especially in increasing the efficiency factors
in the neoclassical production functions which would ensure and advancement in
the growth of the EU economy while also allowing for cohesion “the glue that keeps
Europe together”. |
|---|---|
| ISSN: | 1222-569X 1582-5450 |