Title: Assessment of the impact of Pillar I and II policy measures on the local economy: the case of the Central Macedonia region
Authors: Christos D. Karelakis; Georgios Lampiris; Efstratios Loizou
Addresses: Laboratory of Agricultural Policy and Cooperatives, Department of Agricultural Development, School of Agricultural and Forestry Sciences, Democritus University of Thrace, Greece ' Laboratory of Agricultural Policy and Cooperatives, Department of Agricultural Development, School of Agricultural and Forestry Sciences, Democritus University of Thrace, Greece ' Department of Regional Development and Cross Border Studies, University of Western Macedonia, Greece
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.
Keywords: Pillar I; Pillar II; policy impacts; input-output; regional economy.
International Journal of Sustainable Agricultural Management and Informatics, 2020 Vol.6 No.3, pp.214 - 225
Received: 21 Nov 2019
Accepted: 20 Feb 2020
Published online: 04 Jan 2021 *