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RESEARCH PAPER
Equality or Efficiency: The Impact of Cohesion Policy on Economic Growth Processes in Provinces
1
Instytut Gospodarki, Akademia Nauk Stosowanych im. Jana Amosa Komeńskiego w Lesznie, Polska
Submission date: 2023-01-30
Final revision date: 2023-07-15
Acceptance date: 2023-10-18
Publication date: 2023-12-29
Corresponding author
Roman Kosmalski
Instytut Gospodarki, Akademia Nauk Stosowanych im. Jana Amosa Komeńskiego w Lesznie, Polska
Instytut Gospodarki, Akademia Nauk Stosowanych im. Jana Amosa Komeńskiego w Lesznie, Polska
GNPJE 2023;316(4):54-71
KEYWORDS
JEL CLASSIFICATION CODES
ABSTRACT
In recent years, the issue of investment projects has been addressed in the context
of discussions on the principles of regional policy and economic convergence,
which remain important objectives of cohesion policy implemented and co-financed
within the framework of the European Union. This study on the effects of
investment projects carried out in provinces as part of cohesion policy uses economic
growth models as methodological tools. As a result of the study, the longterm
effects of cohesion policy implemented in Poland under the EU’s 2014–2020
Financial Perspective were determined. The obtained results did not confirm the
achievement of the goal of equalising GDP levels per working person between the
provinces in the long term. The article demonstrates how mathematical models
of economic growth can be used in the process of allocating investment projects
between provinces. According to the indications of the models, this process will contribute to the achievement of the goal, considering both the polarisation-diffusion
paradigm and the compensatory paradigm of regional policy. The study
successfully incorporates the mathematical theory of economic growth into the
ongoing discussion on the methods and effects of pursuing regional policy.
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