An empirical analysis of the determinants that can boost next generation EU´s effectiveness

Silvia Albrizio and José Federico Geli

Economic Bulletin, 2021, issue 4/2021, No 36

Abstract: The use of Next Generation EU can become one of the main determinants of Spanish economic developments in the coming years. This article analyses the economic impact of the European Regional Development Fund over the last 20 years, on account of the similarity between its goals and those of Next Generation EU and the available information. The findings suggest that those structural reforms that reduce barriers to competition in the product market and some labour market rigidities can scale up the European funds’ expansionary effect (fiscal multiplier) in the medium and long term.

Keywords: European funds; NGEU; fiscal multipliers; regulation; labour market; product market. (search for similar items in EconPapers)
JEL-codes: E02 E62 H30 R11 (search for similar items in EconPapers)
Date: 2021
Note: Analytical Articles
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2021:i:04:d:aa:n:36

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