structural funds: growth, employment and the environment is a book on the role of transfers designed for assisting sustainable development of less developed regions within the european union. the book places special emphasis on the future path of the greek economy and discusses likely outcomes -related directly to the impact of these transfers- in: growth and macroeconomic convergence employment in key sectors of the economy energy demand and its environmental aspect the book uses macroeconomic modelling and modern applied econometric techniques to analyze these issues, thus offering a coherent methodological framework for their presentation. to this extent, structural funds: growth, employment and the environment can serve to: academic researchers and economists in recipient countries who can gain a better understanding of how national authorities can best design and implement the strategic allocation and utilization of these funds to maximize the benefits for the domestic economy policymakers in the european union by offering a sound and rigorously elaborated treatment which can be applied as an estimation and comparison tool for the effects of structural funds both at the national and the international level economists in eastern european countries which are at the pre-accession stage and will be eligible for this type of transfers in the near future.