Macro-Economic Models for R&D and Innovation Policies - A Comparison of QUEST, RHOMOLO, GEM-E3 and NEMESIS

Francesco Di Comite and d'Artis Kancs

No JRC94323, JRC Research Reports from Joint Research Centre

Abstract: This report compares the modelling of R&D in four macroeconomic models used by the European Commission for ex-ante policy impact assessment: QUEST, RHOMOLO, GEM-E3 and NEMESIS. Whereas the former three are general equilibrium models, the latter is a reduced form macro-econometric model. QUEST and RHOMOLO are in-house models developed and used within the European Commission, whereas GEM-E3 and NEMESIS are external models of University of Athens and University of Paris, respectively. The report highlights particularly those parts of the models that are relevant to R&D transmission mechanisms and interfaces for implementing policy shocks.

Keywords: QUEST; RHOMOLO; GEM-E3; NEMESIS; Macro-Economic Models; R&D Policies (search for similar items in EconPapers)
JEL-codes: C68 D24 D58 H50 O31 O32 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2015-04
New Economics Papers: this item is included in nep-cse, nep-ino and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://publications.jrc.ec.europa.eu/repository/handle/JRC94323

Related works:
Working Paper: Macroeconomic Modelling of R&D and Innovation Policies (2015)
Working Paper: Macro-Economic Models for R&D and Innovation Policies (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc94323

Access Statistics for this paper

More papers in JRC Research Reports from Joint Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Publication Officer ().