Assessment of the impact of Pillar I and II policy measures on the local economy: the case of the Central Macedonia region. (17th December 2020)

• Record Type: Journal Article
• Authors: Karelakis, Christos D.; Lampiris, Georgios; Loizou, Efstratios
• Is Part Of: International journal of sustainable agricultural management and informatics. Volume 6:Number 3(2020)
• Page Start: 214
• Page End: 225
• Publication Date: 2020-12-17
• Subjects: Pillar I -- Pillar II -- policy impacts -- input-output -- regional economy; Sustainable agriculture -- Management -- Periodicals; Sustainable agriculture -- Data processing -- Periodicals; Agricultural productivity -- Management -- Periodicals; Agricultural productivity -- Data processing -- Periodicals; Agricultural resources -- Data processing -- Periodicals; Agricultural systems -- Management -- Periodicals; Agricultural systems -- Data processing -- Periodicals; 338.1
• Languages: English
• ISSNs: 2054-5819

Abstract

The common agricultural policy (CAP) has gone through numerous reforms since it was launched in the early '60s. The most important reform corresponds to the period of 2014-2020, which was particularly significant for the Greek economy due to the ongoing economic vulnerability. The present paper endeavours to assess the possible impacts that the reformed CAP may have on a Greek regional economy, employing an input-output model. Particularly, the paper evaluates the impact of the Pillar I and II measures on the output, income and employment of the region using an input-output (I/O) model with the GRIT method. Utilising the FLQ quotient as a regionalisation method, the results designate that the implementation of the Pillar I and Pillar II policy measures have a positive effect on the regional economy in terms of both the output and the income.