Financial Engineering in Sustainable Funding of Urban Development in the EU: Reflections on the JESSICA Initiative

Piotr Idczak; Ida Musiałkowska

Published by De Gruyter 2022

Financial Engineering in Sustainable Funding of Urban Development in the EU

Reflections on the JESSICA Initiative

Piotr Idczak and Ida Musiałkowska

https://doi.org/10.1515/9783110762198

Overview
Contents

About this book

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.

Includes an in-depth exploration of the particular aspects of EU cohesion policy

Provides theoretical discussion and empirics illustrated by figures and maps

Contributors are experts, representing policy-oriented and academic research

Author / Editor information

Piotr Idczak, Ph.D, is an assistant professor at the Department of European Studies, Poznań University of Economics and Business. His primary research interests encompass European integration, regional economic development with particular focus on the development of peripheral regions, urban regeneration, and the evaluation and analysis of financial engineering instruments used in EU cohesion policy. He is lecturer and trainer for graduate and postgraduate students at PUEB. Additionally, he has professional experience with the preparation and implementation of projects co-financed by European funds. He was also involved in several national and international research and educational projects. Currently, he coordinates a reserach project funded by the National Science Centre, Poland, on the JESSICA initiative.

Ida Musiałkowska is an Associate Professor and Head of Department of European Studies Department at the Poznań University of Economics and Business (PUEB, Poland) and also serves as Programme Director for International Economics at the university. She obtained her habilitation in economics (post-doctoral degree) in 2017 and Ph.D. in economics in 2005 (PUEB). Her research interests are dynamics of regional integration and development processes in the EU and world, EU cohesion policy, European integration, Latin American integration, regional business cycles and policy transfer. She is an author of many research articles, chapters in books, books and visiting professor at the European, South and North American universities. Besides, she was an expert to the European Commission and evaluator at REA (Horizon 2020), COST programme, Polish Parliament (2011-2015), regional and local authorities, and is a member of the monitoring committee of the Wielkopolska Regional Operation Programme for the years 2014–2020.

Reviews

“This book offers a comprehensive and in-depth analysis of the EU cohesion policy instrument – the JESSICA initiative. It provides a solid theoretical background on urban regeneration policy and fi lls a research gap by giving a unique insight into JESSICA’s functioning and placing it in the context of a wider theoretical discussion.”
Prof. Małgorzata Dziembała, University of Economics in Katowice, Poland

Topics

Frontmatter Publicly Available Download PDF	I
Contents Publicly Available Download PDF	V
List of figures Publicly Available Download PDF	VII
List of tables Publicly Available Download PDF	IX
List of abbreviations Publicly Available Download PDF	XI
Introduction Requires Authentication Unlicensed Licensed Download PDF	1
1 Background – urban economics Requires Authentication Unlicensed Licensed Download PDF	11
2 The theoretical underpinning of a place-based perspective on sustainable urban development Requires Authentication Unlicensed Licensed Download PDF	49
3 Urban policy as a part of cohesion policy – towards repayable assistance Requires Authentication Unlicensed Licensed Download PDF	99
4 JESSICA initiative Requires Authentication Unlicensed Licensed Download PDF	115
5 JESSICA initiative and sustainable urban development – empirical evidence from Poland Requires Authentication Unlicensed Licensed Download PDF	135
6 Overall assessment and policy recommendations Requires Authentication Unlicensed Licensed Download PDF	199
Conclusions Requires Authentication Unlicensed Licensed Download PDF	211
References Requires Authentication Unlicensed Licensed Download PDF	219
Index Requires Authentication Unlicensed Licensed Download PDF	239

(Deutsch)

Language: English
Publisher: De Gruyter
Audience: Scholars, students and policymakers in Urban & Regional Studies, Economic Geography & Development and EU Cohesion Policy
Pages
- Front matter: 11
- Main content: 243
Illustrations
- Illustrations: 29
- Coloured Illustrations: 6
- Tables: 11
Keywords: European Union; EU; Urban development; JESSICA initiative; EU Cohesion policy; Sustainable urban development; Urban regeneration; Poland

eBook

Published: August 22, 2022
ISBN: 9783110762198

Hardcover

Published: August 22, 2022
ISBN: 9783110762174

Paperback

Planned Publication: August 16, 2024
ISBN: 9783111530734