A model-based analysis of the impact of Cohesion Policy expenditure 2000-06: Simulations with the QUEST III endogenous R&D model

被引：32

作者：

Varga, Janos ^{[1
]}

in 't Veld, Jan ^{[1
]}

机构：

[1] European Commiss, Directorate Gen Econ & Financial Affairs, B-1049 Brussels, Belgium

来源：

ECONOMIC MODELLING | 2011年 / 28卷 / 1-2期

关键词：

Cohesion Policy; Endogenous growth; R&D; Dynamic general equilibrium modelling; ECONOMIC-GROWTH; INFRASTRUCTURE;

D O I：

10.1016/j.econmod.2010.06.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

More than a third of the EU budget is devoted to Cohesion Policy with the objective to foster economic and social cohesion in the European Union. Large-scale fiscal transfers are used to support investment in infrastructure, R&D and human capital. This paper provides a model-based assessment of the potential macroeconomic impact of these fiscal transfers using a DSGE model with semi-endogenous growth (Jones, 1995) and endogenous human capital accumulation. The simulations show the potential benefits of Structural Funds with significant output gains in the long run due to sizeable productivity improvements. (C) 2010 European Union, Janos Varga and Jan in 't Veld. Published by Elsevier B.V. All rights reserved.

引用

页码：647 / 663

页数：17

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