THE CONTRIBUTION OF COHESION POLICY TO THE DEVELOPMENT AND CONVERGENCE OF THE REGIONS OF THE EUROPEAN UNION

Panagiotis KOUDOUMAKIS

Dr. Civil Engineer

Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

pkoudoum@civil.duth.gr

George BOTZORIS

Associate Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

gbotzori@civil.duth.gr

Angelos PROTOPAPAS

Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

aproto@civil.duth.gr

Abstract

The Cohesion Policy’s (CP) contribution to the development and convergence of EU regions is examined by utilizing the most complete historical data about CP payments regionally. Through the implementation of the neoclassical econometric model, the positive contribution, with a room of improvement, of CP to development and convergence of EU regions is substantiated. Moreover, the contribution of the secondary sector is emerging as the most critical. It is argued that the provision of reliable data of the implementation of CP contributes decisively towards reducing the complexity and heterogeneity of results. Also increases their potential to be utilized in assessment and design programs.

Keywords: Cohesion Policy of the European Union, Regional development and convergence, Econometric model, Data reliability and representativeness, Secondary sector

JEL classification: R11, R58, R15

 pp. 277-290

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TERRITORIAL DISTRIBUTION OF LAND RESOURCE POTENTIAL OF AGRICULTURAL USE IN WORLD COUNTRIES

Natalia TRUSOVA

Professor, Department of Business Consulting and International Tourism, Dmytro Motornyi Tavria State Agrotechnological University

nv.trusova6607@tanu.pro

Sergey KALCHENKO

Professor, Department of Business Consulting and International Tourism, Dmytro Motornyi Tavria State Agrotechnological University

skalchenko@uoa.com.nl

Nataliia POCHERNINA

Associate Professor, Department of Business Consulting and International Tourism, Dmytro Motornyi Tavria State Agrotechnological University

natali.pochernina@uoa.com.nl

Oleg KRAVETS

Associate Professor, Department of Management, Dmytro Motornyi Tavria State Agrotechnological University

ov.kravets@lund-univer.eu

Yurii HURBYK

Associate Professor, Department of Economics and Hotel and Restaurant Business, Bogdan Khmelnitsky Melitopol State Pedagogical University

prof.hurbyk@nanyang-uni.com

Abstract

The article considers the territorial distribution of agricultural land and resource potential. From the standpoint of implementing the integrated value of the ecological and economic component of land resources, a methodological approach to the monetary valuation of agricultural land as one of the regulatory tools of territorial distribution of land in the world. The systematic approach to the formation of market turnover of agricultural lands and the formation of land resource potential of agricultural enterprises is substantiated. Indicators for assessing the land resource potential of agricultural use from the standpoint of the development of land relations in agriculture are presented. The method of normative monetary valuation of a separate agricultural land plot has been modified by changing its estimated value by an integrated indicator. The indicators for assessing the efficiency of land use are systematized. The territorial distribution of the main categories of lands in the world is analyzed. The share of arable land suitable for growing crop products in the world is determined. The dynamics of agricultural land areas by regions of the world and their reserve volume suitable for the development in the world are given. The ecological and agrochemical condition of the wholesale coverage of agricultural lands in Ukraine and in the natural and climatic zones of Polissya, Forest-Steppe and Steppe has been determined. The value of agricultural land in Europe and Ukraine is estimated.

Keywords: agricultural lands, agricultural production, monetary valuation of land plots, crop products, ecology.

JEL classification: Q12, Q13, Q16, Q17

 pp. 257-276

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SPATIAL LINKAGE BETWEEN QUALITY OF INSTITUTION, NATURAL RESOURCES MANAGEMENT WITH GDP PER CAPITA IN D8 COUNTRIES (DURBIN MODEL IN PANEL DATA)

Farzaneh KHALILI

Assistant Professor of Economics, Islamic Azad University, Abhar Branch (Corresponding Author)

farzaneh_khalili2001@yahoo.com

Majid AFSHARIRAD

Associate Professor of Economics, Faculty of Economics, Kharazmi University, Tehran, Iran

 m.feshari@gmail.com

Abdolrahim HASHEMI DIZAJ

Assistant Professor of Management and Economics, Mohaghegh Ardabili University

a.hashemi@uma.ac.ir

Mehdi YAZDANSHENAS BAHOGHOGH

Ph.D Candidate of Economics, Islamic Azad University, Abhar Branch

nnn_yazdanshenas@yahoo.com

Abstract

Suitable economic growth has always been one of the priorities of any economic system. Meanwhile, economists have tried to achieve this goal by determining the factors affecting economic growth. At first, the main emphasis was on the physical capital and labor force, and the natural resources management. However, institutional factors, including natural resource management, emerged as a determinant of economic growth. In this regard, in this paper, the effect of institutions and management of natural economic resources on GDP per capita as a proxy for economic growth have been investigated by applying spatial regression models and Durbin model in the D8 countries during the period of 1996-2019. The empirical results of model estimation showed a positive and significant effect of natural resource management on economic growth of these countries. Moreover, the effect of physical capital, human capital, foreign investment accumulation and natural resources on economic growth is positive and significant. In addition, the effect of neighborhood and spillover impact of institutional quality on the economic growth has been confirmed in D8 countries.

Keywords: GDP Per Capita, Institutions Quality, Natural Resource Management, D8 Countries.

JEL classification: C23, O47, I25

 pp. 239-256

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