Rhomolo: A Dynamic Spatial General Equilibrium Model for Assessing the Impact of Cohesion Policy
Philippe Monfort () and
Alexandra Rillaers ()
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Philippe Monfort: European Commission – DG REGIO
Alexandra Rillaers: European Commission – DG REGIO
No JRC81133, JRC Working Papers from Joint Research Centre (Seville site)
The paper presents the newly developed dynamic spatial general equilibrium model of European Commission - RHOMOLO, in which the interplay of agglomeration and dispersion forces can be analysed in a novel and theoretically consistent way. A particular attention is paid to flows of goods, factors and services within and between regions that are generated by the stimulus to the regions. This will allow an assessment of the feedback to the Member States and regions and the possibility that in the longer run they will all benefit from the additional growth that is generated. In doing so, it sheds new light on how the success of cohesion policy can be measured.
Keywords: Economic modelling; spatial dynamics; policy impact assessment; regional development; economic geography; spatial equilibrium; DSGE. (search for similar items in EconPapers)
JEL-codes: C63 C68 D58 F12 H41 O31 O40 R13 R30 R40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge and nep-geo
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Journal Article: RHOMOLO: A dynamic spatial general equilibrium model for assessing the impact of cohesion policy (2015)
Working Paper: RHOMOLO: A Dynamic Spatial General Equilibrium Model for Assessing the Impact of Cohesion Policy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc81133
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