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This study evaluates the outcomes of the European Union's Cohesion Policy on rural areas in Poland between 2007 and 2018. Stratified propensity score matching was used to examine whether policy impact depends on the type of local territorial capital involved. Inputs and outcomes between individual municipalities with similar territorial capital characteristics and conditions of socio-economic development were modelled and compared. The results show that more advanced development of non-agricultural functions and also a reduced agricultural function led to greater Cohesion Policy effectiveness. Thus, convergence, or the evening out of differences in socio-economic development, does not take place at the local (intraregional) level. [ABSTRACT FROM AUTHOR]

The role of territorial capital (TC) on the productivity of Italian firms is investigated by constructing indicators for eight dimensions of TC in a first attempt to capture a wide variety of regional resources. When imposing homogeneous TC effects on all firms, it is found that technological, social, institutional, financial and infrastructure capital drive productivity. However, only technological and artistic capital contribute to reduce regional disparities. Across industries, financial capital and infrastructure increase productivity in companies operating in a wide range of sectors. Industrial policies should consider sectoral heterogeneity and north–south differences to effectively boost productivity performance. [ABSTRACT FROM AUTHOR]

This paper analyzes the impact of the European Union's Cohesion Policy on firm growth in the programming period 2007–13 in seven European countries. Results show that Cohesion Policy support promotes firm growth in size (value added and employment) more than in productivity. However, even when the policy is the same and similar projects and beneficiaries are considered, its effectiveness varies across different territorial contexts, among but also within countries. In several cases, the impact of grants on firm growth is larger in regions with lower income or scant endowments of territorial assets, most likely because firms in those regions cannot rely on external assets. [ABSTRACT FROM AUTHOR]

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