Indian Journal of Science and Technology
Year: 2015, Volume: 8, Issue: Supplementary 1, Pages: 1-6
Department of Economics, Cheongju University, 298 Daesung-ro, Cheongju, Chungbuk, 360-764, South Korea; [email protected]
The purpose of the paper is to empirically investigate the effect of national economic conditions on regional growth from the point of view of local economies. The study utilizes a set of cross-sectional data for sub-national regions in EU member countries. The empirical findings suggest both the existence of a tradeoff between national income and regional growth and the harmful effect of national income on regional convergence. Another finding also confirms the ineffectiveness of EU regional policies, measured by EU structural funds.
Keywords: National Income, Regional Cohesion, Regional Growth, Structural Funds, Unemployment
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