EU Structural Funds Boost Regional GDP, Slash Unemployment in Spain
The article explores how a type of economic model can track changes caused by policies and generate useful data. Researchers used this model to analyze the effects of European Union funds on the economy of Andalusia, Spain. By comparing the model's predictions with real data, they found that the model closely matched actual outcomes, especially in terms of regional GDP and unemployment rates. This method helps evaluate the accuracy of economic projections and assess the impact of specific policies.