| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16669 |
| DP16669 What are the likely macroeconomic effects of the EU Recovery plan? | |
| Evi Pappa; Fabio Canova | |
| 发表日期 | 2021-10-26 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We examine the macroeconomic effects of two EU regional structural funds. ERDF has positive short term average consequences on all regional variables, but gains typically dissipate within three years. ESF has insignificant average impact effects, but medium-term multipliers are positive and economically important. There are differential regional transition paths and outlooks for economic transformation. Location, level of development, EU tenure, Euro area membership, and national borders account for the asymmetries. We interpret the facts with an equilibrium model of a monetary union featuring endogenous growth. Structural features and public administration characteristics can explain the observed asymmetries. The policy implications for the Recovery and Resilience facility are discussed. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Recovery and resilience fund Countercyclical policies Regional inequalities R&d and human capital investment Externalities |
| URL | https://cepr.org/publications/dp16669-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545608 |
| 推荐引用方式 GB/T 7714 | Evi Pappa,Fabio Canova. DP16669 What are the likely macroeconomic effects of the EU Recovery plan?. 2021. |
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