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The Recovery and Resilience Facility: A springboard for a renaissance of public investments in Europe?

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  • Corti, Francesco
  • Gros, Daniel
  • Ruiz de la Ossa, Tom�s
  • Liscai, Alessandro
  • Kiss-G�lfalvi, Tam�s
  • Gstrein, David
  • Herold, Elena
  • Dolls, Mathias

Abstract

This Policy Brief analyses to what extent the funds distributed through the EU�s Recovery and Resilience Facility (RRF) are used by Member States to finance new projects, thus boosting their economic recovery from the Covid-19 pandemic, which is the primary goal of the RRF. Specifically, this Policy Brief provides an in-depth analysis of the National Recovery Resilience Plans submitted by Austria, Belgium, Germany, Spain, Italy and Portugal. Overall, the analysis shows that there is no significant relationship between the total amount of RRF grants (in terms of the percentage of GDP) and an acceleration in public investment. This suggests that RRF funds are mainly being used to finance existing investment projects.

Suggested Citation

  • Corti, Francesco & Gros, Daniel & Ruiz de la Ossa, Tom�s & Liscai, Alessandro & Kiss-G�lfalvi, Tam�s & Gstrein, David & Herold, Elena & Dolls, Mathias, 2022. "The Recovery and Resilience Facility: A springboard for a renaissance of public investments in Europe?," CEPS Papers 34969, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:34969
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