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The effects of European funds on a regional economy: an applied general equilibrium analysis

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  • M. Carmen Lima
  • M. Alejandro Cardenete

Abstract

In this work we conduct an impact analysis of European Structural Funds to assess their effect on output, prices and consumers' income on the European region of Andalusia, in the south of Spain. For this purpose we present an Applied General Equilibrium Model for Andalusia (AGEM_A) and proceed to compare the reception of regional funds scenario to a hypothetical situation where this financial support has been removed. The AGEM_A has been numerically implemented by supplementing the statistical information provided by the Social Accounting Matrices for Andalusia corresponding to 1990, 1995 and 1999, with data included in the three Community Support Frameworks approved by the European Commission.

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  • M. Carmen Lima & M. Alejandro Cardenete, 2007. "The effects of European funds on a regional economy: an applied general equilibrium analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 14(11), pages 851-855.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:11:p:851-855
    DOI: 10.1080/13504850600592630
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    References listed on IDEAS

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    1. Shoven, John B. & Whalley, John, 1972. "A general equilibrium calculation of the effects of differential taxation of income from capital in the U.S," Journal of Public Economics, Elsevier, vol. 1(3-4), pages 281-321, November.
    2. Shoven, John B, 1976. "The Incidence and Efficiency Effects of Taxes on Income from Capital," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1261-1283, December.
    3. Paul S. Armington, 1969. "A Theory of Demand for Products Distinguished by Place of Production (Une théorie de la demande de produits différenciés d'après leur origine) (Una teoría de la demanda de productos distinguiénd," IMF Staff Papers, Palgrave Macmillan, vol. 16(1), pages 159-178, March.
    4. Whalley, John, 1977. "The United Kingdom Tax System, 1968-1970: Some Fixed Point Indications of Its Economic Impact," Econometrica, Econometric Society, vol. 45(8), pages 1837-1858, November.
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    Cited by:

    1. Florin Paul Costel LILEA & Alexandru MANOLE & Mugurel POPOVICI & Emilia STANCIU, 2017. "Analyzing the role of commercial banks in the absorption of European funds," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(5), pages 243-255, May.
    2. Constantin ANGHELACHE & Mădălina-Gabriela ANGHEL & Ștefan Virgil IACOB & Ana Maria POPESCU, 2021. "Is the creation of major objectives in the European Union an objective that may constitute a challenge for the Member States of the European Union?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(626), S), pages 101-116, Spring.
    3. Francisco Andre & M. Alejandro Cardenete, 2009. "Designing Efficient Subsidy Policies in a Regional Economy: A Multicriteria Decision-Making (MCDM)-Computable General Equilibrium (CGE) Approach," Regional Studies, Taylor & Francis Journals, vol. 43(8), pages 1035-1046.
    4. Gabriela Victoria ANGHELACHE & Ștefan Daniel ARMEANU & Constantin ANGHELACHE, 2020. "The European Union in the face of the prospect of achieving major objectives in the conditions of the pandemic and economic-financial crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(625), W), pages 5-20, Winter.

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