A model-based analysis of the impact of Cohesion Policy expenditure 2000-06: simulations with the QUEST III endogenous R&D model

Janos Varga and Jan in 't Veld

No 387, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: More than a third of the EU budget is devoted to Cohesion Policy with the objective to foster economic and social cohesion in the European Union. Large-scale fiscal transfers are used to support investment in infrastructure, R&D and human capital. This paper provides a model-based assessment of the potential macro-economic impact of these fiscal transfers using a DSGE model with semi-endogenous growth (Jones, 1995) and endogenous human capital accumulation. The simulations show the potential benefits of Structural Funds with significant output gains in the long run due to sizeable productivity improvements.

Keywords: A Model-based Analysis of the Impact of Cohesion Policy Expenditure 2000-06; Cohesion Policy; endogenous growth; dynamic general equilibrium modelling; Varga; in 't Veld (search for similar items in EconPapers)
JEL-codes: C53 E62 O30 O41 (search for similar items in EconPapers)
Pages: 77 pages
Date: 2009-10
New Economics Papers: this item is included in nep-cmp, nep-dge, nep-fdg, nep-geo and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Journal Article: A model-based analysis of the impact of Cohesion Policy expenditure 2000-06: Simulations with the QUEST III endogenous R&D model (2011)
Journal Article: A model-based analysis of the impact of Cohesion Policy expenditure 2000–06: Simulations with the QUEST III endogenous R&D model (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0387

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