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The European Fund for Strategic Investments: The Rhomolo-EIB 2019 update

Martin Christensen (), Georg Weiers (), Andrea Conte (), Marcin Wolski and Simone Salotti
Additional contact information
Georg Weiers: European Investment Bank - EIB
Andrea Conte: European Commission - JRC, https://ec.europa.eu/jrc/en

No JRC118260, JRC Working Papers from Joint Research Centre (Seville site)

Abstract: The European Fund for Strategic Investments (EFSI) is the central pillar of the Investment Plan for Europe. It tackles the post-crisis investment gap in the EU and aims to revive investment in strategic projects in all EU Member States. EFSI was launched jointly by the European Investment Bank (EIB) Group and the European Commission. Every year, policy simulations are carried out using the RHOMOLO-EIB Computable General Equilibrium (CGE) model in order to assess the macroeconomic effects of EFSI-supported operations. This Policy Insight contains the result of the latest set of simulations quantifying the estimated macroeconomic impact on EU GDP and employment of all EFSI-supported operations approved as of June 13, 2019. The EFSI is contributing significantly to job creation and growth. The EIB-JRC estimates suggest that, by 2019, it has already, created more than 1 million jobs (1.7 million by 2022), with a positive contribution to GDP of 0.9% (1.8% by 2022) over the baseline. The results of the analysis highlight the importance of investments for jobs and economic growth.

Keywords: rhomolo; region; growth; efsi; eib; investments (search for similar items in EconPapers)
JEL-codes: C63 E61 E62 (search for similar items in EconPapers)
Date: 2019-10
New Economics Papers: this item is included in nep-eec and nep-mac
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