Evaluation of benefits to the EU-15 countries resulting from the implementation of the Cohesion Policy in the Visegrad Group countriesTags: european_funds, cohesion_policy, macroeconomics, publications_from_2012
Publication date: 06.02.2012
This study aims to estimate how the EU15 economies benefit from implementation of the Cohesion Policy in the Visegrad Group countries (i.e. Poland, Czech Republic, Slovakia and Hungary).
For the purpose of this research, we defined these benefits as the value of additional exports from the EU15 to the V4 countries resulting from increased demand in the V4 related to implementation of the Cohesion Policy. This policy is an impulse for development in the V4 countries associated with a significant increase in their output and hence their consumer, investment and intermediate demand; to a large extent this increased demand concerns goods and services from EU15 countries.
Additionally, we performed a qualitative analysis of other positive external effects on the EU15 resulting from implementation of the Cohesion Policy, first of all in the areas of innovation, environmental protection and transport.
The determination of benefits obtained by the EU15 from implementation of the Cohesion Policy is important both from the point of view of the goal of the regional policy, and the costs of its implementation. The fact that the Cohesion Policy has a positive effect on both the V4 and EU15 is in line with the objectives of internal EU integration, contribution to the widening of regional economic cooperation, strengthening trade and the acceleration of overall growth.
Each net euro invested by EU15 countries in implementation of the Cohesion Policy in the V4 will have yielded additional exports of 61 cents. In the case of Germany, Ireland and Luxembourg, additional exports to the V4 related to the Cohesion Policy will be greater than the real costs incurred by these countries.1 For the main trade partner of the V4 – Germany – this ratio is as high as 125 per cent. download file PDF -->
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