全球智库信息集成服务系统(G2TT): DP17045 Improving government quality in the regions of the EU and its system-wide benefits for Cohesion policy

G2TT

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.