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The macroeconomic impact of the 28th Regime corporate legal framework

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The 28th Regime introduces a harmonised EU-wide corporate legal framework to reduce regulatory fragmentation across Member States, in particular for startups and scaleups in the Single Market. The macroeconomic impact of the policy has been assessed using RHOMOLO, a spatial dynamic computable general equilibrium model covering 235 NUTS 2 regions of the EU. In the higher investment scenario, EU GDP is projected to increase by €712 million cumulatively over the first 10 years following adoption, rising to €2.1 billion by year 20, with cumulative multipliers of 1.6 and 4.8 respectively. These results are conservative, as they capture only burden reductions from procedural simplifications and do not account for wider effects such as enhanced access to finance, improved firm performance, or increased market entry.

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  • Casas Pablo & Christou Tryfonas & Garcia Rodriguez Abian & Lazarou Nicholas Joseph & Peralta Catarina & Salotti Simone, 2026. "The macroeconomic impact of the 28th Regime corporate legal framework," JRC Research Reports JRC146400, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc146400
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    1. Salotti, Simone & Casas, Pablo & Christou, Tryfonas & D’Apice, Pasquale & García-Rodríguez, Abián & Lazarou, Nicholas Joseph, 2025. "Fiscal federalism and Cohesion Policy in the European Union NUTS-2 regions," European Journal of Political Economy, Elsevier, vol. 89(C).
    2. Kadri Männasoo & Heili Hein & Raul Ruubel, 2018. "The contributions of human capital, R&D spending and convergence to total factor productivity growth," Regional Studies, Taylor & Francis Journals, vol. 52(12), pages 1598-1611, December.
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