The economic spillovers of EU Cohesion policy 2007-2013

Philippe Monfort (), Francesca Crucitti, Nicholas Lazarou and Simone Salotti
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Philippe Monfort: European Commission - DG REGIO

No JRC125419, JRC Research Reports from Joint Research Centre

Abstract: We investigate the macroeconomic impact of the 2007-2013 Cohesion Policy investments in the regions of the European Union (EU). We use the dynamic spatial general equilibrium model called RHOMOLO to assess the effects of the policy both in the short run and in the long run, with a focus on the spatial spillovers generated by the investments. The analysis shows that the Cohesion policy investments have a particularly positive economic impact on the least developed regions of the EU, with significant benefits spreading to the more developed regions. Our results bear relevant implications for the debate over the financing of the policy and the divide between its net contributors and net beneficiaries.

Keywords: rhomolo; region; growth; cohesion policy; general equilibrium; spatial spillovers (search for similar items in EconPapers)
JEL-codes: C68 R13 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2021-10
New Economics Papers: this item is included in nep-eec and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc125419

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