We investigate the macroeconomic impact of the 2007-2013 Cohesion Policy investments in the regions of the European Union (EU). We use the dynamic spatial general equilibrium model called RHOMOLO to assess the effects of the policy both in the short run and in the long run, with a focus on the spatial spillovers generated by the investments. The analysis shows that the Cohesion policy investments have a particularly positive economic impact on the least developed regions of the EU, with significant benefits spreading to the more developed regions. Our results bear relevant implications for the debate over the financing of the policy and the divide between its net contributors and net beneficiaries.
MONFORT Philippe;
CRUCITTI Francesca;
LAZAROU Nicholas;
SALOTTI Simone;
2021-10-14
European Commission
JRC125419
https://publications.jrc.ec.europa.eu/repository/handle/JRC125419,
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