Jestl, Stefan; Römisch, Roman - 2020
This paper analyses the economic effects of a reallocation of Cohesion Policy expenditures across EU countries. We … evaluate a shift from stronger (i.e. older) Member States to less-developed EU economies (i.e. CEE countries) and vice versa … construct a demand-driven macroeconomic model which spans country models of 21 EU economies and is calibrated based on empirical …