Model of a Regional Value-Creation System under the Impact of Structural Funds for Evaluation Purposes
Model of a Regional Value-Creation System under the Impact of Structural Funds for Evaluation Purposes
Author(s): Elżbieta Wojnicka-SyczSubject(s): Economy, National Economy, Supranational / Global Economy, Micro-Economics
Published by: Akademia Zamojska
Keywords: evaluation; micro-macroeconomic models; European structural funds; regional system; Poland
Summary/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 quantitative and qualitative methods. The model is based on a systems approach that emphasizes interdependencies and causal loops rather than unidirectional causal relationships. An application of the model for the evaluation of the impact of European Funds on Polish counties is presented, showing the positive impact of the funds of the 2014-2020 programming period on an income proxy and knowledge-based entrepreneurship.
Journal: Barometr Regionalny. Analizy i Prognozy
- Issue Year: 20/2024
- Issue No: 1
- Page Range: 37-51
- Page Count: 15
- Language: English
