HERMIN Spain

Herce, José-Antonio; Sosvilla‐Rivero, Simón

doi:10.1016/0264-9993(95)00010-g

Cited by 14 publications

(8 citation statements)

References 2 publications

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“…Bradley et al (1995aBradley et al ( , 1995b, Christodoulakis and Kalyvitis (1998a, 1998b, De La Fuente (2003a), Herce (1994), Herce and Sosvilla Rivero (1995a, Modesto and Neves (1995), Murillo García and SosvillaRivero (2003), Roeger andin't Veld (1997), Sosvilla Rivero (2003) or Sosvilla Rivero et al (2006) 1 . Recent research casts some doubt about the capacity of the Structural Funds to deliver their objective of reducing regional inequalities across Europe (Boldrin & Canova, 2001;Hurst et al, 2000;Martin, 1999;Midelfart-Knarvik & Overman, 2002;Puga, 2002;Rodríguez-Pose, 2000;Rodríguez-Pose & Fratesi, 2004).…”

Section: Introductionmentioning

confidence: 97%

Measuring the Permanent Impact of European Structural Funds on Peripheral Objective 1 Regions: The Case of Galicia

Cancelo

Faíña

López‐Rodríguez

2009

European Planning Studies

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We present a stylized, supply-side model to estimate the permanent effects of the Community Support Framework (CSF) programmes on a regional economy and use it to estimate the impact of the 1994-1999 and 2000-2006 CSF programmes on the Spanish region of Galicia. The evolution of the economy is simulated under two scenarios, with and without CSF funds, studying the contribution of the European regional policy to the output, employment and different categories of capital. Our results suggest that the contribution of the Structural Funds to the growth of the Galician economy is remarkable and that the impacts of the European programmes extend well beyond the end of the aid.

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Section: Introductionmentioning

confidence: 97%

Measuring the Permanent Impact of European Structural Funds on Peripheral Objective 1 Regions: The Case of Galicia

Cancelo

Faíña

López‐Rodríguez

2009

European Planning Studies

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“…This is a conventional Keynesian-style model, where the expenditure and income distribution building blocks generate the standard income-expenditure mechanisms, although some neoclassical features are also incorporated, in particular within the supply-side. The HERMIN model has been used on a regular basis to assess the macroeconomic effects of both the CSFs (Bradley, Herce and Modesto, 1995) and the European Single Market (Barry et al, 1997); a detailed description of the Spanish version of the HERMIN model can be found in Herce and Sosvilla-Rivero (1995).…”

Section: Methodsmentioning

confidence: 99%

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

2005

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. 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 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. Terms of use: Documents in EconStor may

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“…Total population is split into J ϭ 60 age groups: under 4, from 5 to 9, from 10 to 14 years; 15, 16, 17, …, 69 years; from 70 to 79 years, and 80 years and over. 14 12 Alternatively, Argimón et al (1992) and Molinas et al (1990Molinas et al ( , 1991, for instance, consider a broader measure of money supply than the money base; Argimón et al (1992) also include the current account balance; and Herce & Sosvilla-Rivero (1995) use national debt held by residents. 13 Gordon (1982Gordon ( : 1114, follows a different approach to obtain the natural GDP as he allows the GDP growth rate to change over the sample period.…”

Section: Population Age Structure and Private Consumption In Spain 305mentioning

confidence: 96%

“…There are also studies that, using aggregate (per capita) data, explain either some measure of aggregate private expenditure or consumption (see Molinas et al, 1991, andSosvilla-Rivero, 1995) or a complete system of demand equations (see Ramajo, 1994, andLorenzo, 1988). None of these, however, gives any role to population age distribution.…”

Section: Introductionmentioning

confidence: 98%

Population age structure and private consumption in Spain

Eguía

Echevarrı́a

2004

International Economic Journal

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In this paper we study the effect of population age distribution upon private consumption expenditure in Spain from 1964 to 1997 using aggregate data. We obtain four main results. First, changes in the population pyramid have substantial effects upon the behaviour of private consumption. Second, the pattern of the coefficients of the demographic variables is not consistent with the simplest version of the life cycle hypothesis. Third, we estimate the impact of the demographic transition upon consumption and find positive values associated with episodes in which the shares of groups of individuals with expenditure levels higher (lower) than the mean increased (decreased). Fourth, the results are robust to alternative specifications for the population age distribution.JEL Classification: E20, J19, Aggregate data, demographic heterogeneity, age, consumption,

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HERMIN Spain

Cited by 14 publications

References 2 publications

Measuring the Permanent Impact of European Structural Funds on Peripheral Objective 1 Regions: The Case of Galicia

Measuring the Permanent Impact of European Structural Funds on Peripheral Objective 1 Regions: The Case of Galicia

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

Population age structure and private consumption in Spain

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