The European added value of the recovery and resilience facility : an assessment of the Austrian, Belgian and German plans

Francesco Corti, Daniel Gros, Tomas Ruiz, Alessandro Liscai, Tamas Kiss-Galfalvi, David Gstrein, Elena Herold, Mathias Dolls, Clemens Fuest

This paper conducts an in-depth analysis of the National Recovery and Resilience Plans (NRRPs) of Austria, Belgium, and Germany. Exploiting a detailed database that covers all the investments and reforms included in the NRRPs and building on insights from semi-structured expert interviews, we study their alignment with EU objectives, the additionality of the spending, and the cross-border effects. We find that all three NRRPs are well aligned with the objectives defined in the RRF Regulation but differ greatly in terms of additionality. Cross-border projects are only of limited importance. We finally highlight some missed opportunities for other cross-border projects.

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Year of publication:	[2022]
Authors:	Corti, Francesco ; Gros, Daniel ; Ruiz De La Ossa, Tomás ; Liscai, Alessandro ; Kiss-Galfalvi, Tamas ; Gstrein, David ; Herold, Elena ; Dolls, Mathias ; Fuest, Clemens
Publisher:	Munich, Germany : ifo Institute
Subject:	EU-Aufbaufonds \| Next Generation EU \| Stabilisierungspolitik \| Stabilization policy \| Belgien \| Belgium \| Deutschland \| Germany \| Österreich \| Austria