The impact of the 2014–2020 European Structural Funds on territorial cohesion

Francesca Crucitti, Nicholas-Joseph Lazarou, Philippe Monfort and Simone Salotti

Regional Studies, 2024, vol. 58, issue 8, 1568-1582

Abstract: We assess the macroeconomic impact of the European Union Cohesion Policy investments deployed during the 2014–20 programming period, with a particular focus on territorial cohesion and regional disparities. We use a spatial dynamic general equilibrium (RHOMOLO) to quantify the direct and indirect effects of the policy investments in the NUTS-2 regions of the European Union within a 20-year time frame. The results suggest that the impact of the policy is sizeable, especially in the less developed regions of the European Union. Accordingly, socio-economic disparities at the regional level are shown to decrease thanks to the policy intervention.

Date: 2024
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DOI: 10.1080/00343404.2023.2243989

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