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The economic implications of Smart Specialisation governance: A general equilibrium analysis for Italy 2014-2020

Gianelle, Carlo; Guzzo, Fabrizio; Barbero, Javier; … - 2022

Specialisation governance. We use original empirical data on the governance of the policy, funded through a dedicated financial … equilibrium effects of varying degrees of governance quality. Our contribution aims at narrowing the gap between the abstraction … governance could increase the pure investment-related impact of the policy by 23 to almost 40 percent. At the same time, we …

Persistent link: https://www.econbiz.de/10013396530

Improving government quality in the regions of the EU and its system-wide benefits for cohesion policy

Barbero, Javier; Christensen, Martin Aarøe; Conte, Andrea - 2022

We quantify the general equilibrium effects on economic growth of improving the quality of institutions at the regional level in the context of the implementation of the European Cohesion Policy for the European Union and the UK. The direct impact of changes in the quality of government is...

Persistent link: https://www.econbiz.de/10013396529

Heterogeneous firms, R&D policies and the long shadow of business cycles

Benedetti-Fasil, Cristiana; Impullitti, Giammario; … - 2021

Growth and business cycles have a long tradition of being studied separately. However, events such as the Great Recession raise concerns that severe downturns may have detrimental implications for growth. If so, what policies may help alleviate such long-lasting effects of large recessions? To...

Persistent link: https://www.econbiz.de/10012802790

Do cohesion funds foster regional trade integration? A structural gravity analysis for the EU regions

Shevtsova, Yevgeniya; Díaz-Lanchas, Jorge; Persyn, Damiaan - 2021

This paper uses a structural gravity model to explore the regional trade and welfare impact of the EU Cohesion Policy Transport Infrastructure Investment programme estimated using a novel data-set of the Generalised Transport Costs for the EU regions at the NUTS2 level. The results indicate that...

Persistent link: https://www.econbiz.de/10012802795

Upward pressure on wages and the interregional trade spillover effects under demand-side shocks

Lecca, Patrizio; Christensen, Martin; Conte, Andrea; … - 2019

The paper illustrates the effect of a permanent demand-side shock in the perturbed regions and the associated spillover effects in the non-perturbed regions using the RHOMOLO spatial-numerical general equilibrium model of the EU economy. We test to what extent gradual upward pressure on wages...

Persistent link: https://www.econbiz.de/10012055396