The impact of the 2014-2020 European Structural Funds on territorial cohesion

We assess the macroeconomic impact of the European Union Cohesion Policy investments deployed during the 2014-20 programming period, with a particular focus on territorial cohesion and regional disparities. We use a spatial dynamic general equilibrium (RHOMOLO) to quantify the direct and indirect ef...

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Bibliographic Details
Published inRegional studies Vol. 58; no. 8; pp. 1568 - 1582
Main Authors Crucitti, Francesca, Lazarou, Nicholas-Joseph, Monfort, Philippe, Salotti, Simone
Format Journal Article
LanguageEnglish
Published Cambridge Routledge 02.08.2024
Taylor & Francis Ltd
Subjects
Cohesion
Cohesion Policy
Developing countries
general equilibrium modelling
Indirect effects
Investments
LDCs
Macroeconomics
Regional analysis
Regional development
regional disparities
regional growth
Regions
Socioeconomic factors
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Summary:We assess the macroeconomic impact of the European Union Cohesion Policy investments deployed during the 2014-20 programming period, with a particular focus on territorial cohesion and regional disparities. We use a spatial dynamic general equilibrium (RHOMOLO) to quantify the direct and indirect effects of the policy investments in the NUTS-2 regions of the European Union within a 20-year time frame. The results suggest that the impact of the policy is sizeable, especially in the less developed regions of the European Union. Accordingly, socio-economic disparities at the regional level are shown to decrease thanks to the policy intervention.
ISSN:0034-3404
1360-0591
DOI:10.1080/00343404.2023.2243989