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Central European Management Journal

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Year 9/2023 
Volume 31 
Issue 3

The multilevel governance of financial instruments in regional development policy: the case of Poland

Katarzyna Sum
Warsaw School of Economics

Mariusz-Jan Radło
Warsaw School of Economics

Marta Mackiewicz
Warsaw School of Economics

9/2023 31 (3) Central European Management Journal

DOI 10.1108/CEMJ-05-2022-0071

Article contents

Abstract

Purpose – The aim of this article is to investigate how the use of financial instruments influences the development of Regional Development Funds (RFR) in Poland and to assess the maturity and coherence of the regional development financing system in this country.
Design/methodology/approach – The methodology is based on the multilevel governance literature and on data collected during 26 in-depth interviews in regional, national and international institutions.
Findings – The authors demonstrate that the use of financial instruments stimulates new kinds of cooperation between several institutions and contributes to the establishment of RFR. The authors also show that the Polish regional financing system is still developing and formulate recommendations about necessary improvements.
Originality/value – The main contribution of this article, in addition to taking up a new, relevant topic for the regional development policy in countries benefiting from European Union (EU) cohesion policy, is the application of the multilevel governance (MLG) concept to explain the development of the Polish regional development financing system. Moreover, the significant added value of this study comes from the use of data collected during 26 in-depth interviews (IDI) in regional, national and international institutions on the use of
repayable instruments in regional development policy.

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APA style

Sum, Katarzyna & Radło, Mariusz-Jan & Mackiewicz, Marta (2023). The multilevel governance of financial instruments in regional development policy: the case of Poland. (2023). The multilevel governance of financial instruments in regional development policy: the case of Poland. Central European Management Journal, 31(3), 390-404. https://doi.org/10.1108/CEMJ-05-2022-0071 (Original work published 9/2023AD)

MLA style

Sum, Katarzyna and Radło, Mariusz-Jan and Mackiewicz, Marta. “The Multilevel Governance Of Financial Instruments In Regional Development Policy: The Case Of Poland”. 9/2023AD. Central European Management Journal, vol. 31, no. 3, 2023, pp. 390-404.

Chicago style

Sum, Katarzyna and Radło, Mariusz-Jan and Mackiewicz, Marta. “The Multilevel Governance Of Financial Instruments In Regional Development Policy: The Case Of Poland”. Central European Management Journal, Central European Management Journal, 31, no. 3 (2023): 390-404. doi:10.1108/CEMJ-05-2022-0071.

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