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

Simon Sosvilla-Rivero (), Oscar Bajo-Rubio () and Carmen Diaz-Roldan ()

No E2004/39, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: In this paper, we propose a new methodology for the assessment of EU’s regional policies, making use of the HERMIN macroeconometric 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.

Keywords: EU’s regional policies; Community Support Frameworks; HERMIN-Spain model; Castilla-La Mancha. (search for similar items in EconPapers)
JEL-codes: H50 H54 R58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo
Date: 2004
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Working Paper: Assessing the effectiveness of EU’s regional policies: a new approach (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:cea:doctra:e2004_39

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