Do Cohesion Funds foster regional trade integration? A structural gravity analysis for the EU regions

Yevgeniya Shevtsova (), Jorge Diaz-Lanchas, Damiaan Persyn and Giovanni Mandras
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Yevgeniya Shevtsova: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No 2021-07, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre

Abstract: This paper uses a structural gravity model to explore the regional trade and welfare impact of the EU Cohesion Policy Transport Infrastructure Investment programme estimated using a novel dataset of the Generalised Transport Costs for the EU regions at the NUTS2 level. The results indicate that on average additional investment in transport infrastructure can increase NUTS2 total regional exports by 0.40% and regional real GDP 1.13%. Central and Eastern European Regions enjoy the highest exports and GDP gains, while few Western European regions experience a negligible decrease in wages, which may occur as a result of factor price convergence.

Keywords: structural gravity; trade policy; general equilibrium analysis. (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 R13 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2021-10
New Economics Papers: this item is included in nep-eec, nep-geo, nep-int, nep-tra, nep-tre and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:202107

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