This study aims to estimate how EU15 economies are affected by the EUR 140 billion (in fixed prices of 2005) spent on the implementation of the Cohesion Policy in the Visegrad Group countries (i.e. Czech Republic, Slovakia, Hungary and Poland).
Our analysis shows that the impulse for development resulting from the Cohesion Policy in the V4 countries translates into a significant increase in their output and hence their consumer, investment and intermediate demand that to a large extent concerns goods and services from EU15 countries.
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