Effectiveness of cohesion policy: learning from the project characteristics that produce the best results. Budgetary Affairs. STUDY requested by the CONT Committee. Bruegel

This study analyses the characteristics of cohesion policy projects that can contribute to successful outcomes. Our analysis is based on a literature survey, an econometric analysis and interviews with stakeholders. About two dozen project characteristics are considered, and their association with economic growth is studied using a novel methodology. Based on the findings, the study concludes with recommendations for cohesion policy reform