We evaluate the macroeconomic impact of the legislative proposals contained in the third pillar of the Investment Plan for Europe using the RHOMOLO modelling framework. In particular, we study a number of proposals related to the Capital Markets Union, the Single Market Strategy, the Digital...

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...

Using data from the execution of 2014-2020 cohesion policy, the paper offers a comprehensive analysis of the speed of absorption capacity of European funds by introducing novel metrics. It evaluates absorption capacity considering time performance and distinguishing between national and regional...

The paper investigates cohesion policy programmes' ability to define accurate policy outputs, in the form of targets. More specifically, the analysis explores the extent to which targets set by ERDF programmes to assess their performance are revised over time and seeks to identify specific...

This Technical Report describes the features of the RHOMOLO-IO model and demonstrates its flexibility by showing a number of recent policy-relevant applications for which it has been used. Such applications include, for instance, the study of the European Globalisation Fund, of four TEN-T...

The European cohesion policy is the EU's main investment policy and targets all regions and cities across the EU to support job creation, business competitiveness, economic growth, and sustainable development. In the 2014-2020 programming period, one third of the EU budget has been allocated to...

This study uses both econometric and modelling techniques to quantify the macroeconomic impact of regulatory reforms removing barriers in the European Single Market for services that have taken place in the European Union between 2006 and 2017. It also provides scenario analyses of the impact of...

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...

The present working paper aims to describe the data sources and methods used to develop the Territorial Economic Data viewer (TEDv), as well as to explain the purpose and usefulness of the different dashboards available in the current version of the tool. Additionally, this paper includes...

The paper aims to investigate regional participation in a new Portuguese Research and Innovation (R&I) programme (so-called 'Agendas for Industrialization') funded by the European Next Generation EU (NGEU). Using a probit model with sample selection and a novel dataset, we find that the...