Is the emperor wearing new clothes? A social assessment of the European Union 2007–2013 financial framework

ABSTRACT

Over the years, European leaders have proudly waved a social flag as one of the European Union’s (EU) constituent and differentiating elements. This commitment is assessed here through the social footprint of the European 2007–2013 multiannual financial framework among the EU countries and, worldwide, using an extended multiregional input–output model. The focus is on the quantity and the quality of income and jobs generated. We find that well-known differences among its northern, southern and eastern regions threaten the EU’s intentions for high social standards, enabling first- and second-class winners. Core EU countries account for the most of the Funds and, thus, most of the positive economic and social impacts, mainly through spillovers from peripheral regions. Beyond the EU borders, Funds expenditures induce capital compensation boosts in emerging countries not balanced by a similar labor compensation impulse. Indeed, China captures the bulk of low-skilled and temporary employment.     

A POST-KEYNESIAN AGE MODEL TO FORECAST ENERGY DEMAND IN SPAIN

This paper develops an extended input–output model for the estimation of energy demand and related issues. It is built on the last Spanish Symmetric Input–Output Table (IOT, 2005). It has been tested for the period 2005–2008 and used for forecasting energy demand for the years 2009–2012 under different economic scenarios. The model shares some traits of the computable and applied general equilibrium models where quantity and price systems are interwoven. The differences lie in the theories explaining output and prices. Our quantity system is based on Keynes’ principle of effective demand (broad energy multipliers are derived). The price system is based on the classical (Sraffian) theory of prices of production, akin to post-Keynesian full-cost prices. The general price system can be manipulated to account for the specificities of energy prices. Historical trends of energy coefficients are computed by extrapolation of past IOTs and calibration.     

Quantifying Spanish tourism's carbon footprint: the contributions of residents and visitors: a longitudinal study

This paper develops and explains an input–output model to quantify the carbon footprint linked to residents' and visitors' tourist consumption in the Spanish economy between 1995 and 2007, thus offering a rare longitudinal review of a national carbon footprint. Two measures are calculated: a domestic one similar to the producer responsibility criterion and a total measure that includes imported intermediate and final goods, similar to the consumer responsibility measure. The important role of tourism in Spain explains why its domestic carbon footprint represented 10.6% of total CO₂ emissions in 2007. Visiting tourists represented 47% of this figure, households 36%, business tourism represented 14% and public administration expenditures 3%. By industry, transport (26%) was positioned as the highest emitter in 2007, with hotels and restaurants the second (21%) (benefitting indirectly from energy and environmental efficiency improvements over the period). The Spanish reliance on imported oil products and the growing importance of foreign-based air services has caused the total carbon footprint of tourism to increase by more than 100%. Therefore, climate change mitigation plans must include imports, and action must take place through the whole global production chain and in the transport sector, particularly air transport. Future mitigation policies are discussed.