Assessing the effectiveness of the EU's regional policies on real convergence: An analysis based on the HERMIN model
AbstractIn this paper, an alternative methodology for the assessment of the European Union's (EU's) regional policies is proposed, making use of the HERMIN macro-econometric model. A major feature of this approach is that it allows the comparison of the actual evolution of the economy under analysis, with and without European funds, so that it is possible to assess in a more accurate way the effectiveness of the EU aid over the period of analysis. An empirical application of the methodology is also offered, using as a case study an Objective 1 Spanish region, Castilla-La Mancha, traditionally backward but showing in the last years a special dynamism.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal European Planning Studies.
Volume (Year): 14 (2006)
Issue (Month): 3 (April)
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Other versions of this item:
- Oscar Bajo-Rubio & Carmen Díaz-Roldán & Simón Sosvilla-Rivero, 2004. "Assessing the effectiveness of EU’s regional policies: a new approach," ERSA conference papers ersa04p152, European Regional Science Association.
- Simón Sosvilla-Rivero & Óscar Bajo Rubio & Carmen Díaz-Roldán, 2004. "Assessing the effectiveness of EU’s regional policies:a new approach," Economic Working Papers at Centro de Estudios Andaluces E2004/39, Centro de Estudios Andaluces.
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
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