A new assessment of cohesion policies’ effectiveness: macro and micro approaches
Ugo FRATESI (docente coordinatore), Marco GIANINETTO
Ugo FRATESI (docente coordinatore), Marco GIANINETTO
The project aims to shed light on three issues that gained significant relevance for the effectiveness of cohesion policies: (i) the complementarity with macroeconomic policies; (ii) the territorial context in which policies are implemented; (iii) the effectiveness of EU funding guarantees to encourage lending to SMEs. It uses a multifaced approach relying on existing and newly constructed macro, regional and micro-spatial data, as well as on novel empirical approaches.
The project consists of four interconnected sections: 1) analysis of newly constructed exogenous fiscal and monetary policy shocks in amplifying the effect of cohesion policies; 2) study of the effect of public investment policies; 3) construction of a new geo-dataset of referenced projects, referenced firms and their contexts, to examine how firms’ characteristics and location impact on the effectiveness of cohesion projects; 4) study of the effect of credit supply shocks associated with EU financial instruments (funding guarantees), and the role of bank competition and cooperative banks.
DABC role
Development of a bunch of analyses titled “Multi-scalar, geo-referenced, microeconomic, territorial analyses of cohesion policy in Italy”, which includes contributions to georeferenced database, spatial mapping of policies, study of the impact of policies under different territorial contexts and on geo-coded variables.
Partners
Università degli Studi di Palermo, Università degli Studi di Salerno