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Research for REGI Committee – Externalities of Cohesion Policy

Author

Listed:
  • Alessandro Daraio
  • Andrea Naldini
  • Roman Römisch

    (The Vienna Institute for International Economic Studies, wiiw)

  • Gessica Vella
  • Enrico Wolleb

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.

Suggested Citation

  • Alessandro Daraio & Andrea Naldini & Roman Römisch & Gessica Vella & Enrico Wolleb, 2019. "Research for REGI Committee – Externalities of Cohesion Policy," wiiw Research Reports 437, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:rpaper:rr:437
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    File URL: https://wiiw.ac.at/research-for-regi-committee--externalities-of-cohesion-policy-dlp-4787.pdf
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    Citations

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    Cited by:

    1. Julia Bachtrögler & Angela Köppl & Atanas Pekanov & Margit Schratzenstaller & Franz Sinabell, 2021. "Das EU-Budget 2021 bis 2027 – Optionen für eine Stärkung des europäischen Mehrwerts," WIFO Working Papers 592, WIFO.
    2. Margit Schratzenstaller, 2020. "Reformbedarf und Reformoptionen für das EU-Budget aus österreichischer Perspektive," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(3), pages 177-191, March.

    More about this item

    Keywords

    EU Cohesion Policy; spillovers; macroeconomics; higher education and research; transport; environment;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • I20 - Health, Education, and Welfare - - Education - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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