A price model to assess the inflationary effects of the European Regional Policy

M. Carmen Lima Díaz () and Manuel Alejandro Cardenete
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M. Carmen Lima Díaz: Department of Economics, Universidad Pablo de Olavide de Sevilla

No 07.15, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: Social Accounting Matrices (SAM) are databases that complete the information provided by the input-output tables. They study the intersectorial relationships of an economy, the behaviour of consumers, the government or the foreign sector, while being able to close the income flow of rent. In this work, we deal with the European Regional Development Fund (ERDF) in Andalusia, a Spanish region classified as Objective 1 by the European Regional policy. We apply the Leontief model on the SAMs for 1990, 1995 and 1999 to get the gross output fall when we remove these regional funds. Furthermore, we develop a price model to assess the impact of this financial support on aggregate and sectorial prices.

Keywords: Social Accounting Matrix; Regional Accounting; Structural Analysis. (search for similar items in EconPapers)
JEL-codes: C67 D57 R15 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2007-10
New Economics Papers: this item is included in nep-eec and nep-geo
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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:07.15

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