Suchergebnisse

This theoretically rooted and research-based book provides insights on the JESSICA funding model which - unlike the traditional non-repayable aid - focuses on supporting sustainable urban development projects in a repayable and recyclable way. Looking through the lens of the JESSICA financial engineering mechanism used in urban transformation, it examines the functioning and performance thereof and formulates policy recommendations for the future. The aim of this volume is to contribute to a deeper understanding of the JESSICA sustainable funding model by exploring its repayable assistance mechanism to support sustainable urban development projects. The authors make several noteworthy contributions to the literature on EU cohesion policy and shed light on the use of the repayable instruments within public interventions, while providing, for the first time, a critical analysis of the JESSICA sustainable funding model from the holistic perspective which is especially relevant for supporting sustainable urban development. Financial Engineering in Sustainable Funding of Urban Development in the EU provides policy-significant findings that are important for EU cohesion policy in the field of repayable assistance to be reinvested in the long term in urban and regional transformation.

This theoretically rooted and research-based book provides insights on the JESSICA funding model which – unlike the traditional non-repayable aid – focuses on supporting sustainable urban development projects in a repayable and recyclable way. Looking through the lens of the JESSICA financial engineering mechanism used in urban transformation, it examines the functioning and performance thereof and formulates policy recommendations for the future. The aim of this volume is to contribute to a deeper understanding of the JESSICA sustainable funding model by exploring its repayable assistance mechanism to support sustainable urban development projects. The authors make several noteworthy contributions to the literature on EU cohesion policy and shed light on the use of the repayable instruments within public interventions, while providing, for the first time, a critical analysis of the JESSICA sustainable funding model from the holistic perspective which is especially relevant for supporting sustainable urban development. Financial Engineering in Sustainable Funding of Urban Development in the EU provides policy-significant findings that are important for EU cohesion policy in the field of repayable assistance to be reinvested in the long term in urban and regional transformation

This paper sets out to explore the contribution of JESSICA projects to enhancing the territorialcohesion of urban areas. We apply a slightly modified TARGET_TIA methodology to assess theterritorial impacts of those projects in the city of Poznań. It is found that the JESSICA projectsbrought about positive territorial effects in deprived urban areas, however, their impacts arequite varied. More exactly, the results demonstrate that projects which most closely addressedthe specific needs of the particular urban areas make the greatest contribution to improving theterritorial cohesion of a city. It is also suggested that the complexity of JESSICA projects shouldhave a higher priority in granting a JESSICA loan.

AbstractThe paper examines the issue of whether the process of policy formulation and implementation on urban regeneration in Poland is done pursuant to the rules of a cycle of public policy-making. This is carried out through the use of the functioning cycle of public policy in Poland proposed by Zybała (2015) that stresses the specificities of Polish conditions in the public policy-making. Hence, the aim of the study is to provide an overview of public policy-making on urban regeneration in the context of legislative and institutional-administrative practices. In the light of increasingly complex challenges faced by cities, there is a need for the necessary counter-balancing regeneration measures taking a form of state sponsored public policy. Therefore, the Act on Regeneration was adopted in 2015. The paper concludes that the adoption of this Act was dominated by the legislator which, with relatively little contribution from other stakeholders, resulted in a rather unambitious set of legal provisions on regeneration that have not substantially changed the instrumental approach of local authorities to urban regeneration.

Regeneration – an integrated process of activities undertaken in the spatial, social and economic dimensions – should lead to improvement of the living conditions of inhabitants of degraded urban areas. The European Union in 2007-2013 allocated amount of money for this objective within the JESSICA initiative which is based on financial engineering mechanisms. Experiences gained so far allow formulating the statement that JESSICA is highly financially-effective instrument that brings unsatisfactory spatial and social results. The scope of projects often is reduced to infrastructural investments and does not reflect the complexity of regeneration process. In the article the authors analyse experiences of one of the Polish regions – Wielkopolskie – with the use of JESSICA, point out main problems and formulate recommendations. ; This study is supported by the National Science Centre, Poland (2015/19/D/HS5/01561)

Frontmatter --Contents --Introduction --1 The Effectiveness of the European Union's Cohesion Policy in the Years 2000-2015 --2 Regional Variation in EU Identification in the Southern and Eastern Peripheries of Europe: Does Cohesion Policy Matter? --3 Quality of Life Convergence in the EU: Do Eastern and Southern European States Lag Behind? --1 Subsidizing Foreign Investments Through EU Funds in the European Peripheries: The Case of the Automotive Sector in East-Central Europe --2 The Hungarian Experience of Using Cohesion Policy Funds and Prospects --3 Effects of EU-Funds on Territorial Cohesion -- Public and Private Resources for Regional Development in the Least-Developed, Most Deprived Micro-Regions in Hungary --4 JESSICA Initiative to Support Sustainable Urban Development Projects in Poland

The book offers though-provoking insights on the performance and effectiveness of EU cohesion policy in Eastern, Central, and Southern Europe by highlighting the key achievement and identifying the main shortcomings. One of the most important advantages of the book is that it covers many distinct actions of this policy, the authors also, based on wide-ranging analysis, formulate policy recommendations for the future.