Quantitative Reference Scenario for the MEDPRO Project

Leonidas Paroussos, Kostas Fragkiadakis, Ioannis Charalampidis, Stella Tsani and Pantelis Capros

CEPS Papers from Centre for European Policy Studies

Abstract: In general equilibrium models the reference scenario is important, as the evaluation of the alternative policies modelled is based on their deviation from the reference scenario. The reference scenario relates to the development of an economic outlook for each region and sector of the model. This means that assumptions are made about the main drivers of growth, e.g. population growth and technical progress. This report provides the main assumptions used for the development of the reference scenario in the MEDPRO project. The report also provides a brief country and sectoral overview for each of the southern and eastern Mediterranean countries covered by the MEDPRO project.

Pages: 17 pages
Date: 2013-05
New Economics Papers: this item is included in nep-ara
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http://www.ceps.eu/system/files/MEDPRO%20Report%20 ... Edited%20final_0.pdf (application/pdf)
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