Model of a Regional Value-Creation System under the Impact of Structural Funds for Evaluation Purposes
Elżbieta Wojnicka-Sycz
Abstract:Institutions managing European Funds are obliged by the European Commission to evaluate them. In the article, a micro-macroeconomic model of the regional value-creation system with the impact of structural funds is proposed. Besides the traditional variables of supply and demand in the economy, the model also embraces variables reflecting natural environment protection as well as research and development and innovation. The model may be used as a theoretical framework for evaluation with the usage of quantitat… Show more
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