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Economic impact of the European Funds in Extremadura during the period 2007-2013


  • Ramajo Hernández, Julián

    () (Universidad de Extremadura)

  • Márquez Paniagua, Miguel Ángel

    () (Universidad de Extremadura)

  • De Miguel Vélez, Francisco Javier

    () (Universidad de Extremadura)


Although the evaluation of European Union regional policy is necessary to improve the effectiveness of the operational programmes, it is not usual to find studies comparing the efficiency of two programming periods for the case of a particular region. This could be explained by the fact that, at regional level, the study of the efficiency of the European funds during two different programming periods faces many different problems; for example, it entails the consideration of both adequate and homogeneous data, and similar methodology. The goal of this paper is twofold. The first goal is to estimate the economic impact of the European Union structural and cohesion funds received by Extremadura, a Spanish convergence objective NUTS II region, during the programming period 2007-2013. To this end, it is provided a multipliers analysis based on a Social Accounting Matrix (SAM) of Extremadura for the year 2000. Secondly, the paper will compare the returns obtained in terms of output and employment by the European funds received in Extremadura during the periods 2000-2006 and 2007-2013. Our results allow quantifying the effects of the EU regional policy, showing and comparing the efficiency for these two programming periods.

Suggested Citation

  • Ramajo Hernández, Julián & Márquez Paniagua, Miguel Ángel & De Miguel Vélez, Francisco Javier, 2014. "Economic impact of the European Funds in Extremadura during the period 2007-2013," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 113-128.
  • Handle: RePEc:ris:invreg:0264

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    References listed on IDEAS

    1. Pyatt, F Graham & Round, Jeffery I, 1979. "Accounting and Fixed Price Multipliers in a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 89(356), pages 850-873, December.
    2. M. Alejandro Cardenete & M. Carmen Delgado & M. Carmen Lima, 2014. "The Structural Funds in Andalusia for the Programming Period 2014--2020: Time for Tightening Belts," European Planning Studies, Taylor & Francis Journals, vol. 22(3), pages 563-586, March.
    3. Francisco Miguel-Vélez & Manuel Cardenete Flores & Jesús Pérez-Mayo, 2009. "Effects of the tax on retail sales of some fuels on a regional economy: a computable general equilibrium approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 43(3), pages 781-806, September.
    4. Jose-Ramon Monrobel & Angeles Camara & Miguel-Angel Marcos, 2013. "Modelling European Regional Policy 2007--2013: Applied General Equilibrium Analysis of the Economic Impact on the Madrid Region," European Planning Studies, Taylor & Francis Journals, vol. 21(2), pages 264-280, February.
    5. Javier Ferri & Ezequiel Uriel, 2000. "Multiplicadores contables y análisis estructural en la matriz de contabilidad social. Una aplicación al caso español," Investigaciones Economicas, Fundación SEPI, vol. 24(2), pages 419-453, May.
    6. Clemente Polo & D. Roland-Holst & Ferrán Sancho, 1991. "Descomposición de multiplicadores en un modelo multisectorial: una aplicación al caso español," Investigaciones Economicas, Fundación SEPI, vol. 15(1), pages 53-69, January.
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    More about this item


    regional policy; European Funds; social accounting matrix; Extremadura;

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • 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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