IDEAS home Printed from https://ideas.repec.org/p/ipt/iptwpa/jrc114185.html
   My bibliography  Save this paper

Cohesion Policy 2007-2015: The RHOMOLO assessment

Author

Abstract

The European Cohesion Policy 2007-2015 was implemented in challenging times due to the economic and financial crisis and widespread cuts to public investment. Cohesion Policy has been used to reach objectives related to employment, R&D, energy sustainability, education, and poverty and social exclusion. Policy simulations using the RHOMOLO dynamic CGE model show positive macro-economic effects of the policy at the EU level, with significant differences between less developed regions, transition regions, and more developed ones. Cohesion Policy funds mainly targeted the less developed regions which received 60% of the total investments, while transition regions and more developed ones received 24% and 16% of the total, respectively. RHOMOLO simulations estimate the long-run GDP impact of Cohesion Policy to be equal to +0.7% at the EU level, with peaks in some less developed regions above +5%. The cumulative multipliers associated with the Cohesion Policy funds are above one in most EU regions by 2030.

Suggested Citation

  • Patrizio Lecca & Damiaan Persyn & Andrea Conte & Simone Salotti, 2018. "Cohesion Policy 2007-2015: The RHOMOLO assessment," JRC Research Reports JRC114185, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc114185
    as

    Download full text from publisher

    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC114185
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Patrizio Lecca & Javier Barbero Jimenez & Martin Aaroe Christensen & Andrea Conte & Francesco Di Comite & Jorge Diaz-Lanchas & Olga Diukanova & Giovanni Mandras & Damiaan Persyn & Stylianos Sakkas, 2018. "RHOMOLO V3:A Spatial Modelling Framework," JRC Research Reports JRC111861, Joint Research Centre.
    2. Francesco Di Comite & Patrizio Lecca & Philippe Monfort & Damiaan Persyn & Violeta Piculescu, 2018. "The impact of Cohesion Policy 2007-2015 in EU regions: Simulations with the RHOMOLO Interregional Dynamic General Equilibrium Model," JRC Working Papers on Territorial Modelling and Analysis 2018-03, Joint Research Centre.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Patrizio Lecca & Martin Christensen & Andrea Conte & Giovanni Mandras & Simone Salotti, 2020. "Upward pressure on wages and the interregional trade spillover effects under demand‐side shocks," Papers in Regional Science, Wiley Blackwell, vol. 99(1), pages 165-182, February.
    2. Carlo Gianelle & Fabrizio Guzzo & Javier Barbero & Simone Salotti, 2022. "The economic implications of Smart Specialisation governance: a general equilibrium analysis for Italy 2014-2020," JRC Working Papers on Territorial Modelling and Analysis 2022-05, Joint Research Centre.
    3. Crucitti, Francesca & Lazarou, Nicholas-Joseph & Monfort, Philippe & Salotti, Simone, 2023. "Where does the EU cohesion policy produce its benefits? A model analysis of the international spillovers generated by the policy," Economic Systems, Elsevier, vol. 47(3).
    4. Roberta Capello & Andrea Caragliu, 2021. "Regional growth and disparities in a post‐COVID Europe: A new normality scenario," Journal of Regional Science, Wiley Blackwell, vol. 61(4), pages 710-727, September.
    5. Piotr Rosik & Julia Wójcik, 2022. "Transport Infrastructure and Regional Development: A Survey of Literature on Wider Economic and Spatial Impacts," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
    6. Javier Barbero & Olga Diukanova & Carlo Gianelle & Simone Salotti & Artur Santoalha, 2022. "Economic modelling to evaluate Smart Specialisation: an analysis of research and innovation targets in Southern Europe," Regional Studies, Taylor & Francis Journals, vol. 56(9), pages 1496-1509, September.
    7. Stylianos Sakkas, 2018. "The macroeconomic implications of the European Social Fund: An impact assessment exercise using the RHOMOLO model," JRC Working Papers on Territorial Modelling and Analysis 2018-01, Joint Research Centre.
    8. Alessio Baldassarre & Danilo Carullo & Paolo Di Caro & Elisa Fusco & Pasquale Giacobbe & Carlo Orecchia, 2023. "Bilateral Regional Trade Flows in Italy: an Origin-Destination-Commodity GWR-SAR approach," Working Papers wp2023-18, Ministry of Economy and Finance, Department of Finance.
    9. Jose L. Zofio & Jorge Diaz-Lanchas & Damiaan Persyn & Javier Barbero, 2020. "Estimating foreign and national trade elasticities in the EU internal market using Generalised Transport Costs," JRC Working Papers on Territorial Modelling and Analysis 2020-05, Joint Research Centre.
    10. Stylianos Sakkas & Andrea Conte & Simone Salotti, 2018. "The impact of the European Social Fund: The RHOMOLO assessment," JRC Research Reports JRC113328, Joint Research Centre.
    11. Giovanni Mandras & Andrea Conte & Simone Salotti, 2019. "The RHOMOLO-IO modelling framework: a flexible Input-Output tool for policy analysis," JRC Working Papers on Territorial Modelling and Analysis 2019-06, Joint Research Centre.
    12. Damiaan Persyn & Jorge Diaz-Lanchas & Javier Barbero & Andrea Conte & Simone Salotti, 2020. "A new dataset of distance and time related transport costs for EU regions," JRC Research Reports JRC119412, Joint Research Centre.
    13. Danijela Pantoviæ & Nikola Boškoviæ & Tijana Petroviæ, 2022. "Measuring Convergence in Tourism Competitiveness of Natural and Cultural Resources: A Case of the Balkans and Eastern Europe," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(9-10), pages 703-722, August.
    14. Francesca Crucitti & Nicholas-Joseph Lazarou & Philippe Monfort & Simone Salotti, 2021. "A scenario analysis of the 2021-2027 European Cohesion Policy in Bulgaria and its regions," JRC Working Papers on Territorial Modelling and Analysis 2021-06, Joint Research Centre.
    15. Filippo Di Pietro & Patrizio Lecca & Simone Salotti, 2021. "Regional economic resilience in the European Union: a numerical general equilibrium analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 16(3), pages 287-312, July.
    16. Giovanni Mandras & Simone Salotti, 2021. "Indirect jobs in activities related to coal, peat and oil shale: a RHOMOLO-IO analysis on the EU regions," JRC Working Papers on Territorial Modelling and Analysis 2021-11, Joint Research Centre.
    17. Francesco Di Comite & Patrizio Lecca & Philippe Monfort & Damiaan Persyn & Violeta Piculescu, 2018. "The impact of Cohesion Policy 2007-2015 in EU regions: Simulations with the RHOMOLO Interregional Dynamic General Equilibrium Model," JRC Working Papers on Territorial Modelling and Analysis 2018-03, Joint Research Centre.
    18. Olga Diukanova & Giovanni Mandras & Andrea Conte & Simone Salotti, 2018. "R&I and Low-carbon investment in Apulia, Italy: The RHOMOLO assessment," JRC Research Reports JRC115019, Joint Research Centre.
    19. Patrizio Lecca & Simone Salotti & Andrea Conte, 2020. "The importance of studying inter-regional spillover effects of European policies: application of the RHOMOLO model for Poland," JRC Working Papers on Territorial Modelling and Analysis 2020-04, Joint Research Centre.
    20. Mark Thissen & Olga Ivanova & Giovanni Mandras & Trond Husby, 2019. "European NUTS 2 regions: construction of interregional trade-linked Supply and Use tables with consistent transport flows," JRC Working Papers on Territorial Modelling and Analysis 2019-01, Joint Research Centre.

    More about this item

    Keywords

    rhomolo; region; growth; cohesion policy; modelling; general equilibrium;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ipt:iptwpa:jrc114185. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publication Officer (email available below). General contact details of provider: https://edirc.repec.org/data/ipjrces.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.