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Macro-Regional Evaluation of the Structural Funds Using the HERMIN Modelling Framework

Author

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  • John Bradley

    (Economic and Social Research Institute (ESRI))

  • Edgar Morgenroth

    (Economic and Social Research Institute (ESRI))

  • Gerhard Untiedt

    (Gesellschaft für Finanz- und Regionalanalysen (GEFRA))

Abstract

The structural fund interventions play a crucial role in improving the social and economic cohesion of the EU. A particular focus of the structural funds is on Objective 1 regions that lag behind to the extent that their GDP per capita is below 75 per cent of the EU average. The amount of investment that is funded though the Structural Funds by the EU is substantial and consequently EU legislation requires the appraisal of the structural funds. However, while systematic monitoring and evaluation frameworks are available at the national level and at the project level, a rigorous and systematic method for quantifying the socio-economic impacts of structural fund interventions on the regional economies has not been developed to the same extent. One modelling framework - HERMIN - has been widely applied to Structural Fund analysis at the national level and macro-regional level. The HERMIN framework is based on a small open economy model. Importantly, it incorporates mechanisms, which are based on the endogenous growth literature, which allow it to capture the long-run supply side impact of the Structural Funds along with the short run Keynesian impact.

Suggested Citation

  • John Bradley & Edgar Morgenroth & Gerhard Untiedt, 2003. "Macro-Regional Evaluation of the Structural Funds Using the HERMIN Modelling Framework," Papers WP152, Economic and Social Research Institute (ESRI).
  • Handle: RePEc:esr:wpaper:wp152
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    References listed on IDEAS

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    Cited by:

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    2. Tangian, Andranik S., 2005. "Composite indicator of German regional policy and its use for optimizing subsidies to regional labour markets," WSI Working Papers 138, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
    3. 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.
    4. Brandsma, Andries & Di Comite, Francesco & Diukanova, Olga & Kancs, d’Artis & López-Rodríguez, Jesús & Persyn, Damiaan & Potters, Lesley, 2014. "Assessing policy options for the EU Cohesion Policy 2014-2020," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 29, pages 17-46.
    5. Roberto Esposti, 2008. "Regional growth convergence and EU policies: Empirical evidence and measuring problems," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(1), pages 14-22, April.
    6. Miroslav Šipikal, 2011. "Effectiveness of structural funds – microlevel perspective (case of Slovakia)," ERSA conference papers ersa11p473, European Regional Science Association.
    7. Arkadiusz M. Kowalski, 2005. "Polityka regionalna Unii Europejskiej w Irlandii," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 73-98.
    8. John Bradley & Timo Mitze & Edgar Morgenroth & Gerhard Untiedt, 2005. "An Integrated Micro-Macro (IMM) Approach to the Evaluation of Large-scale Public Investment Programmes: The Case of EU Structural Funds," Papers WP167, Economic and Social Research Institute (ESRI).
    9. Roberto Esposti & Stefania Bussoletti, 2008. "Impact of Objective 1 Funds on Regional Growth Convergence in the European Union: A Panel-data Approach," Regional Studies, Taylor & Francis Journals, vol. 42(2), pages 159-173.
    10. Marek RADVANSKÝ & Tomas DOMONKOS, 2010. "Regional Disparities under Different Types of Cohesion Policy," EcoMod2010 259600138, EcoMod.
    11. Cardenete, Manuel Alejandro & Delgado, M. Carmen, 2015. "A simulation of impact of withdrawal European funds on Andalusian economy using a dynamic CGE model: 2014–20," Economic Modelling, Elsevier, vol. 45(C), pages 83-92.
    12. Edgar Morgenroth, 2006. "Economic Integration and Structural Change: The Case of Irish Regions," Papers WP176, Economic and Social Research Institute (ESRI).
    13. Simeonova-Ganeva, Ralitsa & Ganev, Kaloyan, 2013. "Ефекти От Политиките, Финансирани От Европейските Фондове: Оценяване На Въздействието На Инвестициите В Образование И Наука В България [Effects of EU Funded Policies: Net Impact Assessment of Inves," MPRA Paper 48176, University Library of Munich, Germany.
    14. Krystyna Gawlikowska-Hueckel & Jacek Szlachta, 2016. "The Vulnerability of Polish Regions to the Challenges of the Modern Economy," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 23-46.
    15. Moretti, Luigi, 2004. "I modelli macroeconomici per la valutazione dell'impatto dei Fondi strutturali nelle economie a Obiettivo 1 [Macroeconomic Models Used for the Impact Evaluation of the Structural Funds in Objective," MPRA Paper 18868, University Library of Munich, Germany.

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