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Abstract
During the period 2014–2020 it will be the first time since Spain joined the European Economic Community that the Southern region of Andalusia will not be considered as one of the Objective 1 priority areas for the European Regional Policy. This paper analyses the economic impact of the foreseeable withdrawal of an important amount of European Structural Funds in the region. Our point is to develop a dynamic general equilibrium model to assess, under different simulation scenarios, the effects of the removal of this funding on the main regional economic indicators, specially focusing on GDP growth, a key variable for the future of the region.
Acknowledgements
The first author wishes to thank the funding received from projects MICINN-ECO2009-11857, SGR2009-5781 and SEJ479. The third author thanks ECO 2009-13357 (Ministry of Science and Innovation) and Excellence Project SEJ-4546 (Andalusian Regional Government). The three authors thank Project SEJ511 (Andalusian Regional Government) and also Project 092-2011 from Centro de Estudios Andaluces (CENTRA, Centre for Andalusian Studies).
The opinions, analyses and results of this work are the exclusive responsibility of the authors and do not represent the position of the European Institute of Public Administration.