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European Cohesion Policy and the Spanish Economy

European Cohesion Policy and the Spanish Economy PDF Author: Simon Sosvilla-Rivero
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
This paper offers an empirical evaluation of the economic effects of the European Structural and Cohesion aids (or Community Support Frameworks, CSF) received since 1989, or yet to be received until 2006, by Spain, amounting to a total of almost 100 billion euros at 1999 prices. To that end, we use the HERMIN-Spain model. Our results suggest that these CSF packages have contributed significantly to Spanish economic growth and to increase the levels of income and employment. The successive aid programmes received between 1989 and 2006 imply an average increase of almost 0.4 percentage points in the real annual growth rate of the Spanish economy with respect to the situation that would have ensued without the European grants. This translates into an average increase in per-capita income of 638 euros (at 1999 prices) over the entire period, and of 1027 euros per-capita if we refer to the period 2000 through 2006. Without the structural aids, in 2006, the Spanish per-capita income index relative to the average for EU-15 would be, ceteris paribus, almost six percentage points lower. As for the labour market, we estimate that the structural and cohesion funds have, in average terms over the period 1989-2006, generated and/or maintained 2.07 per cent more employment than what would have been the case without them, or some 300 thousand jobs, which implies an average reduction in the rate of unemployment of 0.2 percentage points over the same period. The paper ends with a simulation of the likely consequences to be expected from a reduction in structural and cohesion grants suffered by many Spanish regions that will cease to belong to the Objective 1 club after 2007 as a result of their natural or statistical convergence.

European Cohesion Policy and the Spanish Economy

European Cohesion Policy and the Spanish Economy PDF Author: Simon Sosvilla-Rivero
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
This paper offers an empirical evaluation of the economic effects of the European Structural and Cohesion aids (or Community Support Frameworks, CSF) received since 1989, or yet to be received until 2006, by Spain, amounting to a total of almost 100 billion euros at 1999 prices. To that end, we use the HERMIN-Spain model. Our results suggest that these CSF packages have contributed significantly to Spanish economic growth and to increase the levels of income and employment. The successive aid programmes received between 1989 and 2006 imply an average increase of almost 0.4 percentage points in the real annual growth rate of the Spanish economy with respect to the situation that would have ensued without the European grants. This translates into an average increase in per-capita income of 638 euros (at 1999 prices) over the entire period, and of 1027 euros per-capita if we refer to the period 2000 through 2006. Without the structural aids, in 2006, the Spanish per-capita income index relative to the average for EU-15 would be, ceteris paribus, almost six percentage points lower. As for the labour market, we estimate that the structural and cohesion funds have, in average terms over the period 1989-2006, generated and/or maintained 2.07 per cent more employment than what would have been the case without them, or some 300 thousand jobs, which implies an average reduction in the rate of unemployment of 0.2 percentage points over the same period. The paper ends with a simulation of the likely consequences to be expected from a reduction in structural and cohesion grants suffered by many Spanish regions that will cease to belong to the Objective 1 club after 2007 as a result of their natural or statistical convergence.

Economic Growth and Cohesion Policy Implementation in Italy and Spain

Economic Growth and Cohesion Policy Implementation in Italy and Spain PDF Author: Mattia Casula
Publisher: Springer Nature
ISBN: 3030369986
Category : Political Science
Languages : en
Pages : 297

Book Description
This book concerns EU Cohesion Policy and the economic convergence of underdeveloped regions in Italy and Spain from the first programming period to the present: it investigates the political and institutional factors that determine the success or failure of implementing EU Cohesion Policy at national and sub-national level, as well as their impact on economic growth. On the wave of the American tradition of development studies, this book suggests that public policy analysis can be fruitful for understanding economic growth and cohesion, if it were to reconstruct domestic public interventions for development and the institutional characteristics of the subjects responsible for pursuing development goals. To do so, this book derives its theoretical foundations from the traditional debate on the role of state actors in promoting economic development and on the institutional characteristics that the public authorities involved in the process of economic development should display. More precisely, by adopting an Hirschmanian approach to development, it elaborates an original framework to compare different Cohesion Policy implementations and to understand its economic results in different countries, using Italy and Spain as pilot studies.

Regional Economic Policy in Europe

Regional Economic Policy in Europe PDF Author: Ulrike Stierle-von Schütz
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

Book Description
Regional Economic Policy in Europe presents a tightly focused selection of policy, empirical and theoretical perspectives on contemporary dimensions of regional economic policy in the EU. It concentrates on three areas; the dissimilarities and resulting convergence of disparate regions within the EU; the localisation of economic activities and how regions can understand and manage them and, finally, the experiences and lessons that can be drawn from European regional policy. While exploring EU cohesion and regional development more widely, the book also examines Spanish, Belgian and Eastern European experiences on growth, human capital, foreign investment and technological spillovers. This up-to-date and thoroughly researched study is one that will be appreciated by academics and researchers of European studies and regional economics in Europe. Policymakers will also find the conclusions reached within the pages of this book invaluable.

Spain and Portugal in the European Union

Spain and Portugal in the European Union PDF Author: Paul Christopher Manuel
Publisher: Routledge
ISBN: 1135757836
Category : Political Science
Languages : en
Pages : 356

Book Description
This publication provides an up-to-date assessment of the political and economic issues and is valuable reading for anyone wishing to understand contemporary Spain and Portugal. Following decades of relative isolation under authoritarian regimes, the success of the processes of democratic transition in both countries paved the way for full membership in the European Community in 1986. Drawing on research by established scholars, Spain and Portugal in the European Union offers an original series of analyses of the development of Iberian politics, sociology and economics since the accession to the European Union.

The Spanish Economy in the New Europe

The Spanish Economy in the New Europe PDF Author: C. Martìn
Publisher: Springer
ISBN: 0230597106
Category : Business & Economics
Languages : en
Pages : 323

Book Description
This book assesses how EU economies have fared in their project of economic and monetary union. Drawing on an entirely new data bank for all fifteen member countries, it takes the Spanish economy as a point of departure to compare their gains and losses. It also considers the implications for the welfare state, enlargement towards Eastern Europe and the political integration of Europe. Combining rigorous analysis and clarity of style, the book is of value to both specialists and the general reader.

Spain in the E.U. The Road to Economic Convergenc

Spain in the E.U. The Road to Economic Convergenc PDF Author: M. Farrell
Publisher: Springer
ISBN: 0333977572
Category : Business & Economics
Languages : en
Pages : 235

Book Description
Spain and the EU takes the country's accession to the European Community in 1986 as its starting point and traces the changes in the national and regional economy, the shifts in national economic policy, and the fundamental restructuring of a public sector only recently enlarged as a result of the country's transition to democracy. The book identifies the challenges that continue to confront the Spanish polity under monetary integration in the pursuit of convergence towards the EU model, while retaining national cohesion. Aimed at an academic and general audience, the issues raised in this book have broader lessons for the management of integration at the national and sub-national level, particularly for new member states.

Regional Policy, Economic Growth and Convergence

Regional Policy, Economic Growth and Convergence PDF Author: Juan R. Cuadrado-Roura
Publisher: Springer Science & Business Media
ISBN: 3642021786
Category : Business & Economics
Languages : en
Pages : 311

Book Description
Many European, Latin American and Asian countries have experience with regional policies aiming to reduce regional disparities in GDP per capita and/or to develop problem regions helping to recover from its GDP decrease. Spain represents, without any doubt, a very rich and interesting case-study regarding regional problems and regional development policies. The aim of this book is not only to analyze the regional policies practiced, their objectives, instruments and effects, but to provide an in-depth analysis on the impact of investments in infrastructure, human capital and other factors, as well as the advances accomplished in terms of productivity, convergence and regional competitiveness. The book particularly wants to impart knowledge, which can be useful for other countries’ policy makers, as well as for academics, researchers and consultants. The contributions selected have been written by prestigious Spanish academics, most of them also having practical experience in the field.

Spain

Spain PDF Author: Richard Gillespie
Publisher: Routledge
ISBN: 1135272581
Category : Political Science
Languages : en
Pages : 238

Book Description
This volume assesses the evolution of Spain's external relations during the 1990s, within and beyond Europe, and assesses the principal challenges facing the country at the beginning of the twenty-first century. The coincidence of several crucial global and European developments has had a profound effect on Spain. Adjustment of the economy and changes in foreign policy perspectives have become unavoidable. In turn, Spain, as an increasingly self-confident member of the EU, has itself become a significant actor in European-level developments. Spain's relationship with Europe and the wider world is increasingly balanced between new constraints and new opportunities for international influence.

EU Accession and Spanish Regional Development

EU Accession and Spanish Regional Development PDF Author: Carolyn Marie Dudek
Publisher: Peter Lang
ISBN: 9789052012377
Category : Business & Economics
Languages : en
Pages : 210

Book Description
Policymakers saw European Community membership as a way for Spain to secure democracy and promote economic development throughout the country. Nevertheless, regional economic disparities still persist in Spain almost twenty years after it entered the Community, despite significant European allocation of funds to remedy underdevelopment. How did the policies of the European Union impact Spain? What lessons can new EU members learn from Spain's experience within the European Union? Using rich empirical evidence and an innovative comparative analysis, this book examines the regional experiences of Galicia and the Valencian Community in Spain. The political dynamics and persistence of clientelism, which affect policymaking and policy implementation within each region, are particularly considered. These cases provide new insight to explain why regional economic differences persist in Spain despite efforts to alleviate them. Historically grounded and detailed, this study analyzes the process of accession and the ignored long-term ramifications of accession negotiations and treaties, it focuses on the often-overlooked contradiction between European regulations and regional development policies, and questions whether EU membership has been as beneficial as policymakers thought it would be.

Spain

Spain PDF Author: Joseph Harrison
Publisher: Routledge
ISBN: 131705167X
Category : History
Languages : en
Pages : 256

Book Description
Perhaps more than any other European country, Spain has undergone a remarkable transformation in the post-war period. To the surprise of many, it has succeeded in making the leap from a predominantly agricultural and politically repressed country, to a modern European democracy with a diversified economy containing important manufacturing and service sectors. Yet, despite the fact that at the beginning of the twenty-first century Spain is the world's eighth largest economy, old stereotypes that see the Iberian nation as an inflexible, unchanging society, persist. As such, scholars will welcome this new study which challenges the picaresque and outdated notions of Spanish economic development, replacing them with a picture of rapid and profound modernization. Building upon the recent work of historians and economists, the authors provide a thoughtful and compelling overview of the subject that clearly elucidates both the positive and negative aspects of modern Spanish development. Thus, as well as charting the undoubted successes achieved, persistent problems - most notably high unemployment - are also explored. Written in a straightforward and engaging manner, this book engages with research from a wide variety of disciplines, and will be of interest to anyone with a specific interest in modern Spain, or a wider interest in economic development within the framework of the European Union.