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Horizon Europe: The RHOMOLO ex-ante assessment

Martin Christensen (), Andrea Conte () and Simone Salotti

No JRC115437, JRC Working Papers from Joint Research Centre (Seville site)

Abstract: In 2018 the European Commission has published its proposal for its future research and innovation (R&I) programme, Horizon Europe, a €100 billion programme that will succeed Horizon 2020.Horizon Europe is designed around three pillars: support researchers and projects (Open Science), pursue industrial leadership related to societal issues (Global challenges), and boost market-creating innovation (Open Innovation). The RHOMOLO dynamic CGE model has been used for policy simulations to estimate the economic impact of Horizon Europe. The analysis compares three alternative policy designs to a scenario without the policy: Continuation, in which Horizon Europe is implemented similarly to the previous Horizon 2020; Centralisation, in which the programme is reinforced by centralising at the EU level a third of the national competitive-based project funding; and Decentralisation, in which the programme is implemented at the national level. The RHOMOLO simulations suggest that Horizon Europe can contribute to higher aggregate GDP and employment, with considerable potential regional heterogeneity.

Keywords: rhomolo; region; growth; impact assessment; modelling; R&D; R&I; Horizon Europe; Horizon 2020; investment (search for similar items in EconPapers)
JEL-codes: C68 E61 R12 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2019-03
New Economics Papers: this item is included in nep-cmp, nep-eec, nep-ino and nep-mac
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