The Recovery and Resilience Facility: A springboard for a renaissance of public investments in Europe?

Francesco Corti, Daniel Gros, Tomás Ruiz de la Ossa, Alessandro Liscai, Tamás Kiss-Gálfalvi, David Gstrein, Elena Herold and Mathias Dolls

CEPS Papers from Centre for European Policy Studies

Abstract: This Policy Brief analyses to what extent the funds distributed through the EU’s Recovery and Resilience Facility (RRF) are used by Member States to finance new projects, thus boosting their economic recovery from the Covid-19 pandemic, which is the primary goal of the RRF. Specifically, this Policy Brief provides an in-depth analysis of the National Recovery Resilience Plans submitted by Austria, Belgium, Germany, Spain, Italy and Portugal. Overall, the analysis shows that there is no significant relationship between the total amount of RRF grants (in terms of the percentage of GDP) and an acceleration in public investment. This suggests that RRF funds are mainly being used to finance existing investment projects.

Pages: 11 pages
Date: 2022-01
New Economics Papers: this item is included in nep-eec and nep-ppm
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https://www.ceps.eu/wp-content/uploads/2022/01/RRR ... tments-in-Europe.pdf (application/pdf)

Related works:
Working Paper: The Recovery and Resilience Facility: A Springboard for a Renaissance of Public Investments in Europe? (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eps:cepswp:34969

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