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The impact of the 2014–2020 European Structural Funds on territorial cohesion

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

Abstract

We assess the macroeconomic impact of the European Union Cohesion Policy investments deployed during the 2014–20 programming period, with a particular focus on territorial cohesion and regional disparities. We use a spatial dynamic general equilibrium (RHOMOLO) to quantify the direct and indirect effects of the policy investments in the NUTS-2 regions of the European Union within a 20-year time frame. The results suggest that the impact of the policy is sizeable, especially in the less developed regions of the European Union. Accordingly, socio-economic disparities at the regional level are shown to decrease thanks to the policy intervention.

Suggested Citation

  • Francesca Crucitti & Nicholas-Joseph Lazarou & Philippe Monfort & Simone Salotti, 2024. "The impact of the 2014–2020 European Structural Funds on territorial cohesion," Regional Studies, Taylor & Francis Journals, vol. 58(8), pages 1568-1582, August.
    • Handle: RePEc:taf:regstd:v:58:y:2024:i:8:p:1568-1582
    DOI: 10.1080/00343404.2023.2243989
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