Where have all the funds gone? Multiregional input-output analysis of the European Agricultural Fund for Rural Development

The new European Agricultural Fund for Rural Development (EAFRD) was purposely established to “contribute to the promotion of sustainable rural development throughout the EU community”. This paper addresses the sustainability of the EAFRD from a triple bottom line perspective in a multiregional input-output model. This framework allows us to study both the trade relations within the EU target regions and also the relations of the EU with some...