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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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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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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
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A cohesion policy analysis for Romania towards the 2021-2027 programming period
Crucitti, Francesca; Lazarou, Nicholas-Joseph; Monfort, … - 2022
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...
Persistent link: https://www.econbiz.de/10013256651
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Assessing the regional socio-economic impact of the European R&I programme
Christensen, Martin - 2018
Structural socio-economic differences across EU regions may result in heterogeneous regional responses to changes in public spending in support to R&I. In this paper we examine the socio-economic impact at the EU aggregate level and at the regional level of alternative policy designs of the...
Persistent link: https://www.econbiz.de/10011981500
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European NUTS 2 regions : construction of interregional trade-linked Supply and Use tables with consistent transport flows
Thissen, Mark; Ivanova, Olga; Mandras, Giovanni; Husby, … - 2019
Economic development is interregional in nature, with economic growth being determined by physical and technological proximity identified by interregional and national cross-border interactions in trade, investments, and knowledge. This report explains the construction of a system of...
Persistent link: https://www.econbiz.de/10011981504