31,710 research outputs found

    How can we know if EU cohesion policy is successful? Integrating micro and macro approaches to the evaluation of Structural Funds

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    In this paper we describe an integrated approach for assessing the general economic effectiveness, efficiency and impact of public policy actions for large investment programs of the kind implemented over the past fifteen years in EU-aided Structural Fund programmes. Far from being rigid, our modelling philosophy includes both formal tools designed to assess all relevant effects, as well as informal (intuitive) elements to allow for flexible policy design and evaluation. When setting up an integrated micro-macro (IMM) model we are trying to over-come two major shortcomings in actual policy design and analysis: Firstly, to bridge the gap between the scientific requirements of model-based decision making and evaluation and the practical requirement for flexible and easy to use decision support tools that are well suited for day-to-day application. Secondly, to address the observed discrepancy in policy analysis between programme monitoring and evaluation realized at a highly aggregate level using quantitative macromodels (the so called “top down” approach) and the highly disaggregated approach to project evaluation, marked as micro- or “bottom up”-approaches.

    Applications of Evolutionary Economic Geography

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    This paper is written as the first chapter of an edited volume on evolutionary economics and economic geography (Frenken, K., editor, Applied Evolutionary Economics and Economic Geography, Cheltenham: Edward Elgar, expected publication date February 2007). The paper reviews empirical applications of evolutionary economics in the field of economic geography. The review is divided in four parts: the micro-level of the firm, the meso-levels of industry and network, and the macro-level of spatial system. Some remarks on evolutionary policy in regional development are added as well as a short discussion of empirical problems that remain.

    Simulating the New Economy

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    The IT, the Internet, or the Computing & Communications (C&C) technology revolution has been central to the economic discussion for several decades. Before the mid-1990s the catchword was the “productivity paradox” coined by Robert Solow, who stated in 1987 that “computers are everywhere visible, except in the productivity statistics”. Then the New Economy and fast productivity growth fueled by C&C technology suddenly became the catchword of the very late 1990s. Its luster however, faded almost as fast as it arrived with the dot.com deaths of the first years of the new millennium. With this paper we demonstrate that the two paradoxes above are perfectly compatible within a consistent micro (firm) based macro theoretical framework of endogenous growth. Within the same model framework also a third paradox can be resolved, namely the fact that the previous major New Industry creation, the Industrial Revolution, only involved a handful of Western nations that had got their institutions in order. If the New Economy is a potential reality, one cannot take for granted that all industrial economies will participate successfully in its introduction. It all depends on the local receiver competence to build industry on the new technology. We, hence, also demonstrate within the same model the existence of the risk of failing altogether to capture the opportunities of a New Economy.Industrial simulation; Innovation and growth; The New Economy; Non-linear dynamics

    Rural development in the area of Pollino: integrated design of an “atypical” chain

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    The introduction of the Integrated Projects of Food Chain requires the development of models capable of interpreting the dynamics of vertical and horizontal coordination between agents and the definition of the issues that most affect the ability of professionals to provide value added to goods and products to acquire in exchange a competitive advantage. With reference to setting up Local Production System of the Pollino - Lagonegrese, characterized by the development of an "atypical" food chain, for which the main factor of integration and competitive advantage lies in the strong link between companies and territory and in the social and economic value of the protected area agriculture, this research has developed a new model for food chain that combines theories of productivity with those of social welfare and environmental economics: multifunctionality and biodiversity related to the needs of income and efficiency of companies in various stages of the food chain classic.Food Chain, Protected areas, Rural Development, Integrated Project of Food Chain, Local Production System Pollino-Lagonegrese, Community/Rural/Urban Development,

    Sectoral and welfare effects of the global economic crisis on Uganda: a recursive dynamic CGE analysis

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    This paper analyses the impact of the global economic and financial crisis on Uganda notably on macro-economic aggregates, sectoral output and household welfare, and the potential role of fiscal policy and reform in mitigating the impacts. We find that second round effects from a reduction in financial inflows such as remittances, foreign direct investments and overseas development assistance, as well as reduction in international demand from cash crops such as cotton, tea and coffee, could lead to a reduction in economic growth by 0.6 percentage points on average annually over the period 2008- 2010 compared to a baseline reflecting pre-crisis conditions. A surge in regional exports and early counter-cyclical policies in particular are found to dampen the most adverse impacts of the crisis. The paper also shows that the impact of the government’s expansionary 2009/2010 budget could return growth to pre-crisis levels and illustrates how a re-prioritization of government expenditure away from expenditure on administration to more productive sectors of the economy, combined with reforms to improve the efficiency of public spending, could lift long-term growth and reduce poverty, especially in rural areas, even more.Sub-Saharan Africa, Uganda, global economic and financial crisis, computable general equilibrium (CGE), Consumer/Household Economics, Financial Economics, Industrial Organization, International Development, Production Economics, Public Economics, C68, D58, E62, F15, H62, I32,
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