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A simulation of impact of withdrawal European funds on Andalusian economy using a dynamic CGE model: 2014-20

Authors

CARDENETE FLORES, MANUEL ALEJANDRO, DELGADO LÓPEZ, MARÍA DEL CARMEN

External publication

No

Means

Econ. Model.

Scope

Article

Nature

Científica

JCR Quartile

SJR Quartile

SJR Impact

0.811

Publication date

01/01/2015

ISI

000349589900007

Scopus Id

2-s2.0-84913593609

Abstract

This is the first time that European Regional Policy will not consider Andalusia as one of the Objective 1 priority areas. Thus, this paper analyzes the economic impact of the withdrawal of a large amount of European Structural Funds from the Andalusian economy in the 2014-2020 Community Support Framework. A Dynamic Applied General Equilibrium Model is developed to assess the effects of the loss of this funding on the main regional economic indicators and under different simulation scenarios. The model analyzes the effect of economic policy actions on the economy, satisfying the requirements of welfare and technological feasibility when given some restrictions on available resources. © 2014 Elsevier B.V.

Keywords

Dynamic Applied General Equilibrium Models; European regional policy; Impact analysis; Regional economy; Social accounting matrix