The effect of Structural Fund spending on the Galician region: an assessment of the 1994-1999 and 2000-2006 Galician CSFs

• Autores: José Ramón Cancelo de la Torre, José Andrés Faíña, Jesús López-Rodríguez
• Localización: Notas técnicas: [continuación de Documentos de Trabajo FUNCAS], ISSN-e 1988-8767, Nº. 224, 2005
• Idioma: inglés
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• Resumen

  • This paper focuses on the evaluation, for the Galician economy, of medium and long term effects of European Union Structural Funds through the impact of investments financed by the 1994-1999 and 2000-2006 Galician Community Support Frameworks (CSFs). To carry out our analysis we use a supply-side model estimated with a panel of regional data. In our approach we simulate the evolution of the Galician economy under two scenarios: Without and with the investments financed by the CSFs, so comparison of simulated actions for these two scenarios allow us to quantify the intensity of the incentive effects in the growth of income, employment and stock of capital.