Supply effects on the Andalusian economy of the structural fonds in infraestructures: the Community Support Framework 1994-1999

Simón Sosvilla Rivero () and Encarnación Murillo García
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Simón Sosvilla Rivero: FEDEA, Universidad Complutense de Madrid
Encarnación Murillo García: Universidad Rey Juan Carlos
Authors registered in the RePEc Author Service: Simon Sosvilla-Rivero and Encarnación Murillo-García ()

INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, 2005, issue 6, 91-124

Abstract: The aim of this paper is to analyse the supply effects of the EU funds received by the Andalusian region, with special emphasis in the Community Support Framework 1994-1999 (CSF 94-99). To that end, we examine the effects derived from a greater and better endowment of productive factors and infrastructure on Andalusian production and employment, through the estimation (using cointegration techniques with time series) of an aggregate private-sector production function where the stock of public capital appears as a separate and different productive factor, as well as a demand for labour function. The simulations suggest that the infrastructure investments financed under the CSF 94-99 the Andalusian economy has grown, during the 1994-2001 period, at an accumulative rate of 3.42 per cent, whereas it would have grown at a 3.15 per cent due to such funds. Regarding the labour market, the simulation results indicate that the CSF 94-99 would have generated or maintained an average of 79,034 employments during the 1994-2001 period, resulting in an average reduction of 2.87 percentage points in the unemployment rate.

Keywords: European Union; Structural Funds; Infraestructures; Community Support Framework; Macroeconomic evaluation. (search for similar items in EconPapers)
JEL-codes: C51 F02 H50 R58 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ris:invreg:0173

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