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Rhomolo and other methodologies to assess The European Cohesion Policy

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  • López-Rodríguez, Jesús

    () (European Commission, DG JRC-IPTS)

  • Faíña, Andrés

    (Universidade da Coruña)

Abstract

The funds committed to cohesion policy are the second highest category of expenditure in the European Union budget and this policy is among the most evaluated. There are different tools and methodologies to carry out the evaluation each of them with their own merits and also their flaws and biases. This special issue explores the three main types of approaches, theory-based evaluation, counterfactual (econometrics) and macroeconomic models, to assess cohesion policy by presenting a set of contributions within these methodologies. The first set of contributions focus on the assessment of cohesion policy by means of macro models putting a special emphasis on the European Commission newly developed model RHOMOLO. The second set of contributions is linked to the econometric evaluations of different aspects of cohesion policy and finally a theory-based evaluation exercise closes this special issue

Suggested Citation

  • López-Rodríguez, Jesús & Faíña, Andrés, 2014. "Rhomolo and other methodologies to assess The European Cohesion Policy," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 5-13.
  • Handle: RePEc:ris:invreg:0270
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    References listed on IDEAS

    as
    1. Bradley, John & Herce, Jose-Antonio & Modesto, Leonor, 1995. "The macroeconomic effects of the CSF 1994-1999 in the EU periphery : An analysis based on the HERMIN model," Economic Modelling, Elsevier, vol. 12(3), pages 323-333, July.
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    4. Sandy DALL’ERBA & Rachel GUILLAIN & Julie LE GALLO, 2009. "Impact Of Structural Funds On Regional Growth: How To Reconsider A 9 Year-Old Black Box," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 30, pages 77-100.
    5. 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.
    6. Andries Brandsma & d'Artis Kancs & Philippe Monfort & Alexandra Rillaers, 2015. "RHOMOLO: A dynamic spatial general equilibrium model for assessing the impact of cohesion policy," Papers in Regional Science, Wiley Blackwell, vol. 94, pages 197-221, November.
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    More about this item

    Keywords

    European Union; Cohesion Policy; regional development; macroeconomic models;

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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