Final Report

The Report consists of 9 chapters: After the introduction, Chapter 2 describes the process of the selection and characteristics of the six case study areas (one in each of the TERA research partner countries) that were used as a basis for investigating both actual and hypothetical economic situation in some remote rural parts of the EU. Chapter 3 explains the theoretical background to the modelling analysis, proceeding to the basic structure of the CGE and NEG models used in the project. Chapter 4 describes in some detail the methods and results of collecting relevant information for the TERA models. The bulk of this data collection was done in order to suit the Social Accounting Matrices (SAMs), which were built exclusively for TERA purposes, country by country. Chapter 5 explains the utilization of this data in constructing and calibrating the models themselves. Chapters 6 and 7 present, respectively, the results of running the CGE and NEG models on a set of common scenarios applied to each of the TERA case study areas, and the results of performing additional analyses. Chapter 8 reviews current policies, at each level of governance, in each of the study areas. Chapter 9 presents the main findings of the TERA project as a whole, formulates recommendations for policies better targeted to the needs of rural area, and provides some concluding remarks.