A Cross-Country Impact Assessment of EU Cohesion Policy - Applying the Cohesion System of HERMIN Models
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The objective of this paper is to compare and critically assess the economic impact of ECP in fifteen countries that are the main recipients of ECP funding (i.e. Cohesion and Structural Funds) by using the macroeconomic models included in the so-called Cohesion System of HERMIN models (CSHM) and financial data related to the former and current programming periods.
The countries concerned by this paper are Greece, Portugal
and Spain, which have benefited from ECP for a lengthy period,
and the twelve Member States which entered the EU after April