Assessment of the impact of Pillar I and II policy measures on the local economy: the case of the Central Macedonia region Online publication date: Mon, 04-Jan-2021
by Christos D. Karelakis; Georgios Lampiris; Efstratios Loizou
International Journal of Sustainable Agricultural Management and Informatics (IJSAMI), Vol. 6, No. 3, 2020
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.
Online publication date: Mon, 04-Jan-2021
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