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How institutions shape the economic returns of public investment in European regions
Àlvarez Ayuso, Inmaculada; Barbero, Javier; Orea, Luis; … - 2023
In this paper, we examine the impact of institutional quality on the returns on key drivers of economic growth in 230 European Union (EU) NUTS-2 regions from 2009 to 2017. To estimate region-specific elasticities, we employ a latent class modelling approach, considering the quality of government...
Persistent link: https://www.econbiz.de/10014336610
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Measuring subnational economic complexity : an application with Spanish data
Pérez-Balsalobre, Santiago; Llano Verduras, Carlos; … - 2019
predictors of future GDP growth. These findings shed light on the determinants of regional convergence patterns. …
Persistent link: https://www.econbiz.de/10012030312
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Estimating road transport costs between EU regions
Persyn, Damiaan; Díaz-Lanchas, Jorge; Barbero, Javier - 2019
Transport costs are a crucial element of any spatial economic model. Surprisingly, good transport cost estimates at a detailed spatial level for the EU are not readily available. In this paper we address this issue by estimating a novel dataset of road freight transport costs for goods for the...
Persistent link: https://www.econbiz.de/10011992499
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The determinants and dynamics of regional convergence in the EU
Arvanitopoulos, Theodoros; Lazarou, Nicholas-Joseph - 2023
In this study, we employ the pairwise stochastic convergence approach to identify the pairs of NUTS2 regions for all 28 … stochastic convergence trajectories to assess the role of first nature geography, which is defined by variations in physical …, in causing economic growth convergence patterns. We find that western and northern parts of Europe have higher pairwise …
Persistent link: https://www.econbiz.de/10014308640
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The impact of Cohesion Policy 2007-2015 in EU regions : simulations with the RHOMOLO Interregional Dynamic General Equilibrium Model
Di Comite, Francesco; Lecca, Patrizio; Monfort, Philippe; … - 2018
In this paper we assess the system-wide economic impact of the key financial instruments adopted by the European Union for the implementation of the regional policy: The Structural funds and The Cohesion Funds. We take a bottom-up approach by aggregating the 86 categories of expenditures defined...
Persistent link: https://www.econbiz.de/10011981477
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The RHOMOLO economic impact assessment of the R&I and Low-Carbon ERDF Investment programme in Apulia, Italy
Di Comite, Francesco; Diukanova, Olga; Mandras, Giovanni; … - 2018
In this note we present the economic impact assessment of the European Regional Development Fund (ERDF) for thematic objectives TO1 "Research and innovation" and TO4 "Low-carbon economy" in the region of Apulia, Italy. The results are based on the RHOMOLO-IO demand multiplier analysis and on...
Persistent link: https://www.econbiz.de/10011981489
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The RHOMOLO ex-post impact assessment of the 2014-2020 European research and innovation funding programme (Horizon 2020)
Christou, Tryfonas; Crucitti, Francesca; García … - 2024
This paper presents a macroeconomic evaluation of the impact of the Horizon 2020 funds, carried out using the spatial dynamic general equilibrium model RHOMOLO. The policy disbursement data used to feed the model relate to the actual use of the funds over the period 2014-2021, so this is...
Persistent link: https://www.econbiz.de/10014472098
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A GDP impact evaluation of R&D investments in Romania using the CGE model Rhomolo
Diukanova, O.; Chioncel, M. - 2021
This study evaluates the potential economic impacts of Research & Development (R&D) investments in Romania during the 2021-2027 policy cycle. The assessment is based on three distinct R&D investments scenarios: (1) 2% Gross domestic Expenditure on R&D (GERD) intensity target achieved by 2029,...
Persistent link: https://www.econbiz.de/10012695182
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A scenario analysis of the 2021-2027 European Cohesion Policy in Bulgaria and its regions
Crucitti, Francesca; Lazarou, Nicholas-Joseph; Monfort, … - 2021
We employ the spatial dynamic general equilibrium model RHOMOLO to estimate the economic impact of the 2021-2027 Cohesion Policy in Bulgarian NUTS-2 regions and analyse the implications for growth and development in Bulgaria. The main investment areas covered by the policy fall into the...
Persistent link: https://www.econbiz.de/10012622842
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The RHOMOLO impact assessment of the 2014-2020 cohesion policy in the EU regions
Crucitti, Francesca; Lazarou, Nicholas-Joseph; Monfort, … - 2022
We assess the macroeconomic impact of the EU cohesion policy investments deployed during the 2014-2020 programming period, employing updated data on planned expenditures, which in most Member States will take place until 2023. We use the spatial dynamic general equilibrium RHOMOLO in order to...
Persistent link: https://www.econbiz.de/10012815698