Varga, Janos; in 't Veld, Jan - In: Economic Modelling 28 (2011) 1-2, pp. 647-663
More than a third of the EU budget is devoted to Cohesion Policy with the objective to foster economic and social cohesion in the European Union. Large-scale fiscal transfers are used to support investment in infrastructure, R&D and human capital. This paper provides a model-based assessment of...