An empirical analysis of the determinants that can boost Next Generation EU´s effectiveness

Autor:	Albrizio, Silvia, Geli, José Federico
Jazyk:	angličtina
Rok vydání:	2021
Předmět:	Fiscal multipliers Economy of the European Union NGEU Public sector Política fiscal Structural analysis Instituciones y economía Product market Labour market R11 Estudios regionales y política regional European funds H30 E02 E62 Regulation
Zdroj:	Repositorio Institucional del Banco de España Banco de España
Popis:	Artículo de revista The use of Next Generation EU can become one of the main determinants of Spanish economic developments in the coming years. This article analyses the economic impact of the European Regional Development Fund over the last 20 years, on account of the similarity between its goals and those of Next Generation EU and the available information. The findings suggest that those structural reforms that reduce barriers to competition in the product market and some labour market rigidities can scale up the European funds’ expansionary effect (fiscal multiplier) in the medium and long term.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::08edbc18d862e06cdc27b428b45e3c0d https://repositorio.bde.es/handle/123456789/19071 Zobrazit plný text záznamu