The impact of the European Social Fund: The RHOMOLO assessment
Territorial Development - JRC Policy Insights
The European Social Fund (ESF) aims at speeding up job creation, favouring wage growth and labour productivity, promoting education and lifelong learning, and fighting poverty and social exclusion.
Most of the ESF is devoted to Thematic Objective 8: Promoting sustainable, equitable employment and supporting labour mobility.
Policy simulations using the RHOMOLO dynamic CGE model show positive aggregate macroeconomic effects of the ESF policy intervention.
The ESF stimulates GDP and employment via increases in labour productivity, education and training, and demand-side effects.
RHOMOLO is able to quantify the impact of the ESF in the EU as a whole as well as in each one of the 267 NUTS 2 EU regions.
By 2030, the cumulative GDP impact of the ESF is larger than its cost, that is the ESF generates more than one euro for each euro spent in it.
Less developed regions reap most of the benefits of the ESF policy intervention.
SAKKAS Stylianos;
CONTE Andrea;
SALOTTI Simone;
2018-10-16
European Commission
JRC113328
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