The Impact of the EU Cohesion Policy Spending: A Model-Based Assessment

Janos Varga and Jan in 't Veld

Chapter Chapter 5 in Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume II, 2021, pp 89-112 from Palgrave Macmillan

Abstract: Abstract EU cohesion policy supports investment in infrastructure, R&D and human capital in Europe’s poorer regions. This chapter summarises model-based assessments of the potential macro-economic impact of these fiscal transfers using a micro-founded dynamic general equilibrium model with semi-endogenous growth and human capital accumulation. It gives an overview of total cohesion spending over the three programme periods from 2000 to 2020. The simulations show the potential benefits of Structural Funds with significant output gains in the long run due to sizeable productivity improvements.

Keywords: Cohesion policy; Endogenous growth; R&D; Dynamic general equilibrium modelling (search for similar items in EconPapers)
JEL-codes: C53 E62 O30 O41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-030-57702-5_5

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DOI: 10.1007/978-3-030-57702-5_5

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