Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204209
Authors: 
Daraio, Alessandro
Naldini, Andrea
Römisch, Roman
Vella, Gessica
Wolleb, Enrico
Year of Publication: 
2019
Series/Report no.: 
wiiw Research Report 437
Abstract: 
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.
Subjects: 
EU Cohesion Policy
spillovers
macroeconomics
higher education and research
transport
environment
JEL: 
C54
C67
C68
D62
I20
O52
Q50
R50
Document Type: 
Research Report

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