Title An assessment of the impact of EU funds through productivity boosts using CES functions
Authors CARDENETE FLORES, MANUEL ALEJANDRO, Carmen Lima, M., Sancho, Ferran, CARDENETE FLORES, MANUEL ALEJANDRO
External publication No
Means Appl. Econ. Lett.
Scope Article
Nature Científica
JCR Quartile 4
SJR Quartile 3
JCR Impact 0.75200
Area International
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85052330547&doi=10.1080%2f13504851.2018.1508867&partnerID=40&md5=483c924baed5d706703e5b5e4398b3ea
Publication date 01/01/2019
ISI 000461701400015
Scopus Id 2-s2.0-85052330547
DOI 10.1080/13504851.2018.1508867
Abstract The economic effects of European Funds on recipient countries are not without controversy. We propose to study this issue focusing on the productivity coefficients of CES production functions in a multisectoral, interdependent general equilibrium model. We adopt the calibration techniques typically used in computational general equilibrium modelling to estimate a numerical improvement in the productivity coefficients of the CES functions. The array of different funds belongs to two broad categories associated with the two types of primary factors, labour and capital, that determine the output. Once we estimate the change in productivity coefficients in labour and in capital, we introduce them into a computable general equilibrium model and simulate their effects, all else being equal, in order to quantify their likely economy-wide effects.
Keywords CES technologies; productivity boost; CES calibration
Universidad Loyola members