CEEAplA Working Paper Series 2011
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Browsing CEEAplA Working Paper Series 2011 by Subject "Azores"
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- A CGE approach to measuring the impacts of EU structural funds in a small open economyPublication . Fortuna, Mário; Silva, Francisco; Medeiros, AnaThe present work studies the European Union (EU) funds in a regional context, while assessing the impact of EU funds on the gross domestic product (GDP) and employment of the Autonomous Region of the Azores. The theoretical model is based on a modeling platform for the Azorean economy, supported by a dynamic multi-sectoral Computable General Equilibrium model (CGE) - AzorMod, which incorporates the economic behavior of six agents: firms, households, the regional government, the central government, the European Commission and an external sector. Using simulations, we study the impact of eliminating EU funds from the Azorean economy. The study reveals that the absence of EU funds causes a reduction in public consumption and in consumer well-being and an increase in investment. GDP and employment decrease in the first year of the simulations. The GDP level is only recovered at the end of ten years when there are no EU transfers and employment at the end of one year. After this period, the estimated values, without EU funds, exceed the projected values for the scenario that include community funds.
- The importance of small sporting events in regional tourism : the case of the Azores International Bridge FestivalPublication . Batista, Maria da Graça Câmara; Silva, Francisco; Dâmaso, João PedroThis study examined the XIII Azores International Bridge Festival in Ponta Delgada, São Miguel Island, which was held October 1-5, 2009. A questionnaire was administered to all players; 89 surveys were completed, resulting in a 78% response rate. The perception of the event’s features was also observed through the analysis of various categorically ordered variables included in the questionnaire. Factors significantly affecting the probabilities of dependent class variables (attributes) were examined using the ordinal regression model. The results indicated that this event generated several benefits for the city, favouring the local commerce for at least five days through expenditures from tourists. In addition, the event provided guests with the opportunity to visit other islands, taking advantage of their participation in the festival, further demonstrating the ability to retain some players. This event can be viewed as another seasonal peak mitigation tool for the city of Ponta Delgada, promoting an increase in demand for tourist structures.