Rhomolo: A Dynamic Spatial General Equilibrium Model for Assessing the Impact of Cohesion Policy

Andries Brandsma, d'Artis Kancs, Philippe Monfort () and Alexandra Rillaers ()
Additional contact information
Philippe Monfort: European Commission DG REGIO
Alexandra Rillaers: European Commission DG REGIO

No JRC81133, JRC Research Reports from Joint Research Centre

Abstract: The paper presents the newly developed dynamic spatial general equilibrium model of European Commission - RHOMOLO, in which the interplay of agglomeration and dispersion forces can be analysed in a novel and theoretically consistent way. A particular attention is paid to flows of goods, factors and services within and between regions that are generated by the stimulus to the regions. This will allow an assessment of the feedback to the Member States and regions and the possibility that in the longer run they will all benefit from the additional growth that is generated. In doing so, it sheds new light on how the success of cohesion policy can be measured.

Keywords: Economic modelling; spatial dynamics; policy impact assessment; regional development; economic geography; spatial equilibrium; DSGE. (search for similar items in EconPapers)
JEL-codes: C63 C68 D58 F12 H41 O31 O40 R13 R30 R40 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-05
New Economics Papers: this item is included in nep-dge and nep-geo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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https://publications.jrc.ec.europa.eu/repository/handle/JRC81133 (application/pdf)

Related works:
Journal Article: RHOMOLO: A dynamic spatial general equilibrium model for assessing the impact of cohesion policy (2015)
Working Paper: RHOMOLO: A Dynamic Spatial General Equilibrium Model for Assessing the Impact of Cohesion Policy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc81133

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