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The RHOMOLO ex-ante impact assessment of 2021-2027 cohesion policy

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The European cohesion policy aims to strengthen economic, social and territorial cohesion, and to correct imbalances between countries and regions. The 2021-2027 cohesion policy differs from the previously implemented programmes due to its stronger focus on the green and digital transitions. The RHOMOLO model has been used to assess the expected impact of the 2021-2027 programmes on the European economies at the European Union (EU), Member State, and NUTS-2 region levels. The simulations suggest that the policy interventions would increase the EU GDP by 0.5% by the end of the implementation period compared to a no-cohesion policy scenario, with sizeable increases in employment. The structural effects of the programmes imply that the GDP gains will be persistent over time, and equal to 0.3% in 2050. The policy will help the less developed regions to catch up with the more developed ones, while also promoting growth for the EU as a whole.

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  • Tryfonas Christou & Francesca Crucitti & Abian Garcia Rodriguez & Nicholas Lazarou & Philippe Monfort & Simone Salotti, 2023. "The RHOMOLO ex-ante impact assessment of 2021-2027 cohesion policy," JRC Research Reports JRC133844, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc133844
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC133844
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    Keywords

    rhomolo; region; growth; cohesion policy;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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