We assess the macroeconomic impact of the EU cohesion policy investments deployed during the 2014-2020 programming period, employing updated data on planned expenditures, which in most Member States will take place until 2023. We use the spatial dynamic general equilibrium RHOMOLO in order to...

In this paper, we develop a specific method to approach the competitive capabilities of regions for which there are not commercial and specialization indicators available. This method bases on the construction of composite indicators, using multivariate statistical methods, and was applied to...

Following the rationale for regional redistribution programs described in the official documents of the European Union, this paper studies a very simple multi-country model built around two regions: A core and a periphery. Technological spill-overs link firms' productivity in each of the two...

Explores the significance of innovative milieus in regional economic development. Several approaches to the concept of milieu are considered- including micro-analytical, cognitive, and organizational approaches - but generally the concept of an innovative milieu suggests that territories are not...