An interregional impact analysis of the EU structural funds in Spain (1995–1999)*

Julián Pérez, Milagros Dones Tacero () and Carlos Llano Verduras

Papers in Regional Science, 2009, vol. 88, issue 3, 509-529

Abstract: Abstract This paper uses an interregional input output model to estimate the economic impact of the EU structural funds received by the Spanish regions during the period 1995–1999. We attempt to cast further light on the interregional effects that the funds have produced in terms of output, value added and employment, not just in the regions where they were originally allocated, but also in the rest of the regions. This analysis offers additional information than the one attained using macroeconomic models which do not take interregional spillovers into account. The results are relevant regarding the discussion about the effectiveness of EU cohesion policy, and the share of output effects that are captured by the richest regions through their intersectoral linkages. Resumen Este artículo utiliza un modelo de entrada/salida para estimar el impacto económico de los fondos estructurales de la UE recibidos por las regiones españolas durante el periodo 1995–1999. Intentamos aclarar los efectos interregionales producidos por los fondos en términos de salidas, valor agregado y empleo, no solo en las regiones dónde fueron asignados originalmente sino también en el resto de las regiones. Este análisis ofrece información adicional aparte de la obtenida mediante modelos macroeconómicos que no toman en cuenta efectos de derrame (spillovers) interregionales. Los resultados son relevantes con respecto a la discusión sobre la efectividad de la política de cohesión de la UE, y el reparto de efectos de salida capturados por las regiones más ricas a través de sus vínculos intersectoriales.

Date: 2009
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https://doi.org/10.1111/j.1435-5957.2008.00212.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:88:y:2009:i:3:p:509-529

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