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EU Cohesion Policy Implementation - Evaluation Challenges and Opportunities
This work is mainly aimed at evaluating the reasons behind the inefficient
execution of Operational Programs (OPs) aimed at promoting research and innovation (R&I), especially in small and medium-sized enterprises (SMEs). To achieve this
goal, we employed a three-stage slack-based measure (SBM) data envelopment analysis (DEA) model combined with Stochastic Frontier analysis (SFA), which includes
a multiplicity of achievement metrics and environmental factors, to evaluate 53 OPs
from 19 countries. Our findings suggest that more developed regions (proxied by a
higher Gross Domestic Product (GDP) per capita) do not make an efficient application of European Regional Development Funds (ERDF) aimed at fostering R&I
in SMEs. Also, a greater proportion of the population with a university degree does
not imply an appropriate use of ERDF devoted to R&I in SMEs
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