The RHOMOLO interim macroeconomic analysis of the 2021-2027 European Social Fund Plus

Nicholas Joseph Lazarou (), Tryfonas Christou (), Abian Garcia Rodriguez (), Catarina Peralta () and Simone Salotti
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Nicholas Joseph Lazarou: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Tryfonas Christou: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Abian Garcia Rodriguez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Catarina Peralta: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No 2026-03, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre

Abstract: We estimate the macroeconomic impact of the 2021-2027 European Social Fund Plus (ESF+) investments that fall under the broad areas of employment, education and training, and social inclusion with data updated to the end of 2024. We employ the spatial dynamic general equilibrium model RHOMOLO, which has been extended to incorporate endogenous labour force participation. The investments serving as inputs to the model affect the labour supply or labour productivity in each Member State. The results suggest that ESF+ funds are expected to lead to positive GDP, labour force participation and employment responses across all Member States, while cross-country disparities decline.

Date: 2026-06
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:202603

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