“…For example, some papers have found Objective 1 eligibility to be associated with higher regional GDP growth; while others have found no statistically signif icant impacts, especially when conditioning growth on other local and national factors. With regard to the latter, a range of possible conditioning factors have been identified in the literature including for example the type of prioritised expenditures (RodriguezPose and Fratesi, 2004), territorial capital (Fratesi and Perucca, 2014), the alignment of expenditure with the underlying socio-economic structure and the coordination between different EU policies (Crescenzi et al, 2015) and the top-down vs. bottom-up nature of the various interventions (Crescenzi and Giua, 2016). Still, no consensus exists in the literature about either the relative or the absolute importance of these factors.…”