The impact of the EU cohesion policy spending : a model-based assessment

János Varga and Jan in ’t Veld

EU cohesion policy supports investment in infrastructure, R&D and human capital in Europe’s poorer regions. This chapter summarises model-based assessments of the potential macro-economic impact of these fiscal transfers using a micro-founded dynamic general equilibrium model with semi-endogenous growth and human capital accumulation. It gives an overview of total cohesion spending over the three programme periods from 2000 to 2020. The simulations show the potential benefits of Structural Funds with significant output gains in the long run due to sizeable productivity improvements.

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Year of publication:	2021
Authors:	Varga, Janos ; Veld, Jan in 't
Published in:	Channels of interaction. - Cham : Palgrave Macmillan, ISBN 978-3-030-57701-8. - 2021, p. 89-112
Subject:	Cohesion policy \| Dynamic general equilibrium modelling \| Endogenous growth \| R&D \| EU-Regionalpolitik \| EU regional policy \| Endogenes Wachstumsmodell \| Endogenous growth model \| EU-Strukturfonds \| EU structural funds \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Wirkungsanalyse \| Impact assessment \| EU-Staaten \| EU countries \| Allgemeines Gleichgewicht \| General equilibrium \| Theorie \| Theory