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The study investigates the effects of Cohesion Policy (CP) which occur in a country other than the one in which CP resources were actually spent. The study estimates that macroeconomic spillovers significantly contribute to the impact of CP. Spillovers directed to EU countries represent around 9% of the total annual CP expenditure. Other spillovers to Non-EU countries are around 8% of the CP expenditure. Macro and micro spillovers together arrive at the 21% of the annual CP expenditure 67% of which ...

This study examines the role of indicators for ERDF areas. Moreover, for the better tgargeting of future Structural Fund allocations areas of ERDF interventions as well as levels of aid eligibility are defined followed by the subsequent monitoring of such interventions.