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Type of publication: research article
Type of publication (PDB): Straipsnis kitose duomenų bazėse / Article in other databases (S4)
Field of Science: Ekonomika / Economics (S004)
Author(s): Butkus, Mindaugas;Matuzevičiūtė, Kristina
Title: Evaluation of EU cohesion policy impact on regional convergence: do culture differences matter?
Is part of: Economics and culture = Ekonomika un kultūra. Riga, Berlin : Ekonomikas un kultūras augstskola, De Gruyter, 2016, 2016, [T.] 13
Extent: p. 41-52
Date: 2016
Note: Kitas ISSN 2256-0173
Keywords: Regional convergence;Cohesion policy;Cultural differences;Regression analysis
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
Affiliation(s): Ekonomikos katedra
Vytauto Didžiojo universitetas
Šiaurės Lietuvos kolegija
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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