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Assessing the effectiveness of EUÂ’s regional policies: a new approach

Author

Listed:
  • Oscar Bajo-Rubio
  • Carmen Díaz-Roldán
  • Simón Sosvilla-Rivero

Abstract

In this paper, we propose a new methodology for the assessment of EUÂ’s regional policies, making use of the HERMIN macro econometric model. A major feature of our approach is that allows us to compare the actual evolution of the economy under analysis, with and without European funds, so that we should be able 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 last years a special dynamism. Key words: EUÂ’s regional policies, Community Support Frameworks, HERMIN-Spain model, Castilla-La Mancha JEL classification: H50, H54, R58

Suggested Citation

  • Oscar Bajo-Rubio & Carmen Díaz-Roldán & Simón Sosvilla-Rivero, 2004. "Assessing the effectiveness of EUÂ’s regional policies: a new approach," ERSA conference papers ersa04p152, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa04p152
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    References listed on IDEAS

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    Cited by:

    1. Rodríguez-Pose, Andrés & Novak, Katja, 2013. "Learning processes and economic returns in European Cohesion policy," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 25, pages 1-20.

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    More about this item

    Keywords

    euâ’s regional policies; community support frameworks; hermin-spain model; castilla-la mancha jel classification: h50; h54; r58;
    All these keywords.

    JEL classification:

    • 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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