Research Areas

The objective of this project is to assess the economic impact of the Financially Sustainable Investments Plan of the Provincial Council of Valencia, corresponding to 2015, carried out during 2016. The term economic impact refers to the increase in GDP and employment produced in the Valencian economy as a result of the investments financed by this Plan.

As in similar studies, the economic impact is estimated by using an input-output methodology. In this case, the input-output table developed by the Valencian Statistics Institute (IVE) for the Valencian regional economy is used. The information contains a detailed description of each of the approximately 1,600 projects funded and carried out by 1,300 firms.

The detailed breakdown by type of expenditure allows classifying each activity according to its industry sector, thus, also offering the economic impact by industry branch.

In addition to estimating the impacts in terms of income and employment, the study contains a description of the investment plan financed by the Provincial Council of Valencia and the participating firms.