An empirical analysis of the determinants that can boost Next Generation EU'S effectiveness
Series: Analytical Articles.
Author: Silvia Albrizio and José Federico Geli.
Topics: Economic situation, Spain, International Economy, European Union, General government, Structural analysis.
Full document
Summary
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.