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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP17045 |
DP17045 Improving government quality in the regions of the EU and its system-wide benefits for Cohesion policy | |
Javier Barbero Jiménez; Martin Christensen; Patrizio Lecca; Andrés Rodríguez-Pose; Simone Salotti | |
发表日期 | 2022-02-17 |
出版年 | 2022 |
语种 | 英语 |
摘要 | 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 integrated in a general equilibrium model to analyse the system-wide economic effects resulting from additional endogenous mechanisms and feedback effects. The results reveal a significant direct effect as well as considerable system-wide benefits from improved government quality on economic growth. A small 5% increase in government quality across European Union regions increases the impact of Cohesion investment by up to 7% in the short run and 3% in the long run. The exact magnitude of the gains depends on various local factors, including the initial endowments of public capital, the level of government quality, and the degree of persistence over time. |
主题 | International Trade and Regional Economics |
关键词 | Government quality Cohesion Economic growth Public investment Regions Eu |
URL | https://cepr.org/publications/dp17045 |
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/546002 |
推荐引用方式 GB/T 7714 | Javier Barbero Jiménez,Martin Christensen,Patrizio Lecca,et al. DP17045 Improving government quality in the regions of the EU and its system-wide benefits for Cohesion policy. 2022. |
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