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Abstract
A three-area, interregional Social Accounting Matrix (SAM) model is
used to assess the effects of structural policies implemented in the rural town of
Archanes (Crete, Southern Greece) during the 1990s, in terms of changes in the
structure of the local economy, the extent of economic impacts and their diffusion
patterns to adjacent rural and urban localities. Structural changes within a time
span of 10 years are estimated using a causative matrix approach, while structural
decomposition analysis provides an indication of the attribution of local output
growth to changes in the economic structure or final demand. Results reveal that
final demand effects on gross production were more important than changes in
technical coefficients. Structural policy injections was responsible for around
20.3% of gross production change in Archanes during this period. Also, structural
policy specific impacts seem to be quite different, as CAP support measures are
associated with comparatively high output and household income benefits for
Heraklion and high output and employment benefits for N. Kazantzakis. In
contrast, development measures are more successful in generating firm and
household incomes in Heraklion and firm income and employment in N.
Kazantzakis.