Munich Personal RePEc Archive

Institutions and Cohesion Policy in the European Union

Arnaoutoglou, Nikolaos-Boleslav (2022): Institutions and Cohesion Policy in the European Union.

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This paper examines one of the most significant policies of the European Union, namely the cohesion policy, focusing on the institutions which shaped it and are responsible for its implementation. With this in mind, first, the appropriate literature is reviewed. Second, using scatterplots, the correlation between the quality of regional institutions and the absorption of funds from the European Regional Development Fund for the operational period 2014-2020 is tested. The findings of this dual assessment demonstrate that institutions, especially regional, are one of the most vital cogs for a region’s ability to absorb cohesion policy’s funds. In turn, this observation is of great importance as the member-states are bound to use the European Recovery and Resilience Fund to overcome the effects of the COVID-19 subsequent economic crisis.

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