Economic impact assessment of alternative European Neighborhood Policy (ENP) options with the application of the GMR-Turkey model

Varga, Attila; Baypinar, Mete Basar

doi:10.1007/s00168-015-0725-6

Cited by 15 publications

(8 citation statements)

References 18 publications

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“…The most recent realization of the GMR approach is GMR-Turkey (A. Varga et al 2013; A. Varga and Baypinar 2014).…”

Section: An Attempt To Reflect the Challenges In Policy Impact Modelimentioning

confidence: 99%

Place-based, Spatially Blind, or Both? Challenges in Estimating the Impacts of Modern Development Policies

Varga

2016

International Regional Science Review

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Two modern approaches to development policy have recently evolved and disputed with each other, namely, the space-neutral and the place-based approaches. Perhaps the most notable conceptual development common in these modern approaches is a strong awareness of the key role of geography in policies targeting aggregate economic growth. Thus, it became clear in the new policy thinking that the impact of countries' structural policies largely depends not only on the specific instruments (e.g., human capital development, infrastructure investments, and small-and medium-sized enterprises support) but also on the concrete patterns in which these instruments are deployed geographically. It is suggested in this article that macroeconomic models that integrate geography could usefully help policy makers in their choice among different complex geography-instrument mixes. I survey the most important modeling challenges raised by the two modern economic development approaches. To illustrate how economic models can respond to these challenges, I Downloaded from briefly introduce the Geographic Macro and Regional (GMR)-Europe model. To complete the illustration with a practical example, an impact analysis of a spaceneutral-place-based policy mix implemented in regions of the European Union (EU) is presented. It is found that promoting research excellence in leading agglomerations combined with human capital development in the rest of the regions in Europe could result in a sustained positive gross domestic product impact of EU Framework Programs at the aggregate EU level. Nevertheless, it is also important to emphasize that the aggregate impact masks marked regional differences.

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“…The most recent realization of the GMR approach is GMR-Turkey (A. Varga et al 2013; A. Varga and Baypinar 2014).…”

Section: An Attempt To Reflect the Challenges In Policy Impact Modelimentioning

confidence: 99%

Place-based, Spatially Blind, or Both? Challenges in Estimating the Impacts of Modern Development Policies

Varga

2016

International Regional Science Review

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“…In this paper, we use the latest version of the GMR models for Hungary, which is a multisector‐multiregion model. For an account of previous model specifications and applications see Schalk and Varga (2004) and Varga (2007) (GMR‐Hungary), Varga and Baypinar (2016) (GMR‐Turkey), Varga (2017) and Varga, Sebestyén, et al (2020) (GMR‐Europe).…”

Section: The Gmr‐hungary Policy Impact Modelmentioning

confidence: 99%

Economic impact modelling of smart specialization policy: Which industries should prioritization target?

Varga

Szabó

Sebestyén

2020

Papers in Regional Science

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In this paper we argue that it is necessary to apply economic impact models in smart specialization policy in order to come up with reliable economic impact estimations. Solutions suggested in the smart specialization (S3) literature for economic impact assessments cover the economic effects only partially. To estimate the impacts in the industrial, regional and national dimensions in their entirety the application of specifically designed economic models becomes necessary. We extended the geographic macro and regional (GMR)‐Hungary policy impact model with additional features to make this model applicable for S3 economic impact estimations. In our policy simulations we illustrate how the application of this model helps policy‐makers in the prioritization process.

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“…Moreover, even the minor institutional changes incorporated failed to work due to the lost faith in the state and the absence of fit with the existing informal institutional environment. Last, Varga and Baypinar (2016) have used a CGE model to analyse the impact of a technology-based development policy in a Turkish region that can be representative of the average ENP region. Their results show that these policies can produce sustainable long-run impacts in the considered countries.…”

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confidence: 99%

Economic performance, social progress and institutional reform in European neighbouring countries

2016

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The objective of this article is to analyse the recent evolution of European Neighbouring countries (ENC) in different dimensions related to economic performance (measured in a broader sense), social progress and institutional reforms. With this aim, we design and build a composite indicator to measure these different dimensions. Next, the index is used to characterise the relative evolution of neighbouring countries compared to a wide sample of developed and developing economies. We also test whether a convergence process has taken place in these different dimensions controlling for the potential effect of the European Neighbourhood Policy. The obtained results show different trends according to the considered dimensions and heterogeneous effects at the country level. From a policy perspective, these results reinforce the validity of the bilateral action plans that have characterized ENP recognising the different starting point and particular characteristics of each neighbouring country.

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Economic impact assessment of alternative European Neighborhood Policy (ENP) options with the application of the GMR-Turkey model

Cited by 15 publications

References 18 publications

Place-based, Spatially Blind, or Both? Challenges in Estimating the Impacts of Modern Development Policies

Place-based, Spatially Blind, or Both? Challenges in Estimating the Impacts of Modern Development Policies

Economic impact modelling of smart specialization policy: Which industries should prioritization target?

Economic performance, social progress and institutional reform in European neighbouring countries

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