The Future of EU Cohesion - Effects of the Twin Transition on Disparities across European Regions
Ambre Maucorps, Roman Römisch, Thomas Schwab and Nina Vujanović
wiiw Research Report No. 467, May 2023
in cooperation with Bertelsmann Stiftung
55 pages including 12 Tables and 14 Figures
Closing the prosperity gap between regions has always been a key political aspiration of the European Union – and cohesion policy is the primary means to achieve that goal. Europe is currently undergoing a digital and green transition that is drastically changing the way its economy works. How well prepared are regions to capitalise on the twin transition? And what impact will it have on regional cohesion in Europe? Our study finds that greening and digitalising the economy will likely widen the gap between rich and poor regions in Europe.
Keywords: EU, EU regions, regional development, digitalisation, green transition, cohesion
JEL classification: R11, O21
Countries covered: European Union
Research Areas: Regional Development