Structural Funds as Instruments for Regional Economic Development in Lithuania

Vaida Kvainauskaitė, Vitalija Kardokaitė

Abstract


In Lithuania, as in other countries of the world, economicand social development of the regions differs, therefore,the EU regional policy goal is to ensure equal regionaleconomic and social development, decrease of regionaldivergence and growth of regional market competitiveness.The article deals with the theories of regional economicconvergence and divergence, their reflections incurrent regional economic development policy; Structuralfunds as stimulating means of regional convergence;Structural fund impact on regional development in Lithuania;and relationship between regional economic and socialdevelopment level and Structural fund allocation level.Based on Structural fund allocation level in differentLithuanian regions, current status of Structural fund allocationamong the regions is analyzed and its key issues aredisclosed.


Keywords


Regional economic development, Regional convergence, Regional divergence, Structural funds, Single Programming Document.

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Print ISSN: 1392-2785
Online ISSN: 2029-5839