ABSTRACT
This chapter analyses the relationship between territorial capital and Cohesion Policy in a multi-dimensional way. Territorial capital, in fact, has many facets, which are sometimes related to each other, so that regions that are more endowed with some of them tend to also be more endowed with others. The chapter reviews the literature on the importance of territorial capital for regional growth. It discusses the relationship between Cohesion Policy and territorial capital. The chapter presents a taxonomy of EU regions based on territorial capital, and shows that regions differently endowed with territorial capital tend to adopt different policy mixes. It provides an empirical analysis of the endowment of territorial capital in EU15 regions. The first step in the study of the relationship between local assets and Cohesion Policy consists of an empirical analysis of the endowment of territorial capital in EU regions. The chapter identifies clusters of regions characterized by similar territorial conditions.
