RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EUs R&D Policies

Andries Brandsma and d'Artis Kancs

No JRC95421, JRC Research Reports from Joint Research Centre

Abstract: European integration changes the prospects of regional economies within the Member States of the European Union in many ways. Cohesion policy is the EUs instrument to influence and complement the efforts at the national level to ensure that the gains of economic integration reach everyone, and there are no regions left behind. This paper presents and applies a spatial general equilibrium model RHOMOLO to assess the impact of regional policy in the EU. The presented simulation results highlight strengths of the approach taken in RHOMOLO in handling investments in R&D, infrastructure and spillovers of investments in the innovation capacity of the regions, both of which cannot be captured by models in which the spatial structure is not present.

Keywords: Economic modelling; R&D; innovation; knowledge spillovers; spatial equilibrium; economic geography. (search for similar items in EconPapers)
JEL-codes: D51 F1 O1 R12 R13 R23 R3 R4 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2015-07
New Economics Papers: this item is included in nep-eur, nep-ino and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
https://publications.jrc.ec.europa.eu/repository/handle/JRC95421

Related works:
Journal Article: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the European Union's R&D Policies (2015)
Working Paper: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EU's Regional Policies (2011)
Working Paper: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EU's Regional Policies (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc95421

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