RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the European Union's R&D Policies

Andries Brandsma and d'Artis Kancs

Regional Studies, 2015, vol. 49, issue 8, 1340-1359

Abstract: B randsma A. and K ancs d' A. RHOMOLO: a dynamic general equilibrium modelling approach to the evaluation of the European Union's R&D policies, Regional Studies . European integration changes the prospects of regional economies within the member states of the European Union in many ways. Cohesion Policy is the European Union's instrument to influence and complement the efforts made 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 European Union. The presented simulation results highlight strengths of the approach taken in RHOMOLO in handling investments in research and development (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.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://hdl.handle.net/10.1080/00343404.2015.1034665 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EU’s R&D Policies (2015)
Working Paper: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EU's Regional Policies (2010)
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:taf:regstd:v:49:y:2015:i:8:p:1340-1359

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20

DOI: 10.1080/00343404.2015.1034665

Access Statistics for this article

Regional Studies is currently edited by Ivan Turok

More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().