Sobre la efectividad de la política regional comunitaria: El caso de Castilla-la Mancha

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

No 2003-25, Working Papers from FEDEA

Abstract: In this paper we present an assessment of the EU’s regional policy for the case of an objective 1 Spanish region, Castilla-La Mancha, traditionally backward but showing in last years a special dynamism. Starting from the executed data for the period 1989-1999 and those programmed for 2000-2006, we analyze the impact of European funds on the region’s production and employment using a version of the macroeconometric model HERMIN-Spain adapted to this region . A particular feature of our approach is that allows us to compare the effective evolution of Castilla-La Mancha’s economy with and without European funds, so that we will be able to assess in a more accurate way the effectiveness of European funds during the period of analysis.

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