Assessing the Effectiveness of Eu's Regional Policies: A New Approach

CentrA Working Paper No. E2004/29

19 Pages Posted: 9 Jan 2005

See all articles by Simon Sosvilla-Rivero

Simon Sosvilla-Rivero

UCM Institute for Economic Analysis

Oscar Bajo‐Rubio

University of Castilla-La Mancha

Carmen Díaz‐Roldán

University of Castilla-La Mancha

Date Written: February 2004

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 it 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 framework, Hermin-Spain model, Castilla-La Mancha

JEL Classification: H50, H54, R58

Suggested Citation

Sosvilla-Rivero, Simon and Bajo-Rubio, Oscar and Diaz-Roldan, Carmen, Assessing the Effectiveness of Eu's Regional Policies: A New Approach (February 2004). CentrA Working Paper No. E2004/29. Available at SSRN: https://ssrn.com/abstract=644721 or http://dx.doi.org/10.2139/ssrn.644721

Simon Sosvilla-Rivero (Contact Author)

UCM Institute for Economic Analysis ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain
+34913932626 (Phone)

HOME PAGE: http://www.ucm.es/info/ecocuan/ssr/

Oscar Bajo-Rubio

University of Castilla-La Mancha ( email )

Facultad de Derecho y Ciencias Sociales
Ronda de Toledo, s/n
Ciudad Real, E-13071
Spain
+34 926 295300 (Phone)
+34 926 295211 (Fax)

HOME PAGE: http://www.uclm.es/profesorado/obajo

Carmen Diaz-Roldan

University of Castilla-La Mancha ( email )

Facultad de Derecho y CC Sociales
Ciudad Real, Ciudad Real 13071
Spain

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