Where does the EU cohesion policy produce its benefits? A model analysis of the international spillovers generated by the policy

IF 2.8 2区经济学 Q1 ECONOMICS

Economic Systems Pub Date : 2023-09-01 DOI:10.1016/j.ecosys.2023.101076

Francesca Crucitti , Nicholas-Joseph Lazarou , Philippe Monfort , Simone Salotti

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引用次数: 3

Abstract

In this paper, we investigate the macroeconomic effects of the 2007–2013 cohesion policy investments in the EU. First, we present a detailed overview of the EU budget and the contributions of the Member States for the specific policy under scrutiny. Then, we use a dynamic spatial general equilibrium model to assess the overall impact of the policy both in the short and the long run. Finally, we focus on the spatial spillovers generated by the policy programmes and highlight a number of policy-relevant findings with regard to the debate over the financing of the policy and the divide between its net contributors and net beneficiaries. Our main findings suggest that cohesion policy programmes have had a positive and significant impact on the economies of EU Member States and regions, particularly in the poorest regions of the EU. Spatial spillovers imply that the programmes implemented in the main beneficiaries of the policy also benefit its main contributors. For some of these Member States, spillovers constitute the main source of benefits from cohesion policy.

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欧盟的凝聚力政策在哪里产生好处？政策产生的国际溢出效应的模型分析

本文研究了2007-2013年欧盟凝聚力政策投资的宏观经济效应。首先，我们详细概述了欧盟预算和成员国对所审查的具体政策的贡献。然后，利用动态空间一般均衡模型对政策的短期和长期总体影响进行了评估。最后，我们将重点关注政策方案产生的空间溢出效应，并强调一些与政策相关的研究结果，这些研究结果与政策融资的辩论以及净捐助国和净受益者之间的差距有关。我们的主要研究结果表明，凝聚力政策计划对欧盟成员国和地区的经济产生了积极而重大的影响，特别是在欧盟最贫穷的地区。空间溢出效应意味着，在政策的主要受益者中实施的方案也使政策的主要贡献者受益。对其中一些会员国来说，溢出效应是凝聚力政策的主要惠益来源。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Systems ECONOMICS-

CiteScore

4.90

自引率

0.00%

发文量

审稿时长

48 days

期刊介绍： Economic Systems is a refereed journal for the analysis of causes and consequences of the significant institutional variety prevailing among developed, developing, and emerging economies, as well as attempts at and proposals for their reform. The journal is open to micro and macro contributions, theoretical as well as empirical, the latter to analyze related topics against the background of country or region-specific experiences. In this respect, Economic Systems retains its long standing interest in the emerging economies of Central and Eastern Europe and other former transition economies, but also encourages contributions that cover any part of the world, including Asia, Latin America, the Middle East, or Africa.