We quantify the general equilibrium effects on economic growth of improving the quality of institutions at the regional level in the context of the implementation of the European Cohesion Policy for the European Union and the UK. The direct impact of changes in the quality of government is...

This paper provides insights on the potential macroeconomic impact of the European innovation policy for Smart Specialisation governance. We use original empirical data on the governance of the policy, funded through a dedicated financial envelope of the 2014-2020 EU cohesion policy, in a...

We present an analysis on cohesion policy investments in the regions of Romania using the spatial dynamic general equilibrium model RHOMOLO in order to provide useful insights on the 2021-2027 programmes and their implications for growth and development. The analysis is based on a hypothetical...

This study aims to analyse the alignment of investments in the Spanish 'Recovery and Resilience Plan' with the Smart Specialisation Strategies priorities (2021- 2027) of the country and its regions to identify opportunities for potential synergies and complementary between funding instruments....

This work analyses the alignment of investments in the Greek Recovery and Resilience Plan ('the Greek RRP') with the Smart Specialisation Strategies priorities (2021-2027) of the country and its regions to identify potential synergies and complementarities between funding instruments. The...

This study aims at analysing possible synergies between the Italian National Recovery and Resilience Plan and the Smart Specialisation Strategies for 2021- 2027 of Italian regions. Although Smart Specialisation Strategies are not explicitly mentioned in the Plan, we found that sixteen...

Does employment flexibility facilitate cross-regional adjustments via labour mobility? Or is it instead a hinderance to cross-regional equilibration in the labour market? We examine this, drawing on a sample of 11 European countries belonging to different 'varieties' of European capitalism. We...

Growth and business cycles have a long tradition of being studied separately. However, events such as the Great Recession raise concerns that severe downturns may have detrimental implications for growth. If so, what policies may help alleviate such long-lasting effects of large recessions? To...

We analyse the impact of the investments related to the European Cohesion policy in Portugal over the 2014-2020 programming period. We use the spatial dynamic general equilibrium model RHOMOLO to identify the direct and indirect effects stemming from a variety of spending categories and economic...

Using the results of the Survey on the Access to Finance of Enterprises (2009 to 2020 editions), this paper aims to assess the effect of Covid-19 pandemic on the probabilities of firm to innovate and grow and to compare their likelihood with that of the previous downturn. To control for a...