Research for REGI Committee – Externalities of Cohesion Policy

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Alessandro Daraio, Andrea Naldini, Roman Römisch, Gessica Vella and Enrico Wolleb

wiiw Research Report No. 437, January 2019
133 pages including 20 Tables and 21 Figures

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The study investigates the effects of Cohesion Policy (CP) which occur in a country other than the one in which CP resources were actually spent. The study estimates that macroeconomic spillovers significantly contribute to the impact of CP. Spillovers directed to EU countries represent around 9% of the total annual CP expenditure. Other spillovers to Non-EU countries are around 8% of the CP expenditure. Macro and micro spillovers together arrive at 21% of the annual CP expenditure, 67% of which is distributed among EU countries. Around 20% of the CP expenditure can trigger sectoral spillover effects in the environment, transport and higher education sectors. The analysis demonstrates that externalities reinforce EU growth and competitiveness without CP deserting its convergence objective.

 

Keywords: EU Cohesion Policy, spillovers, macroeconomics, higher education and research, transport, environment

JEL classification: C54, C67, C68, D62, I20, O52, Q50, R50

Countries covered: European Union

Research Areas: Macroeconomic Analysis and Policy, Sectoral studies


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