Macro-Economic Models for R&D and Innovation Policies - A Comparison of QUEST, RHOMOLO, GEM-E3 and NEMESIS
Francesco Di Comite and
No JRC94323, JRC Research Reports from Joint Research Centre (Seville site)
This report compares the modelling of R&D in four macroeconomic models used by the European Commission for ex-ante policy impact assessment: QUEST, RHOMOLO, GEM-E3 and NEMESIS. Whereas the former three are general equilibrium models, the latter is a reduced form macro-econometric model. QUEST and RHOMOLO are in-house models developed and used within the European Commission, whereas GEM-E3 and NEMESIS are external models of University of Athens and University of Paris, respectively. The report highlights particularly those parts of the models that are relevant to R&D transmission mechanisms and interfaces for implementing policy shocks.
Keywords: QUEST; RHOMOLO; GEM-E3; NEMESIS; Macro-Economic Models; R&D Policies (search for similar items in EconPapers)
JEL-codes: C68 D24 D58 H50 O31 O32 (search for similar items in EconPapers)
Pages: 24 pages
New Economics Papers: this item is included in nep-cse, nep-ino and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Working Paper: Macroeconomic Modelling of R&D and Innovation Policies (2015)
Working Paper: Macro-Economic Models for R&D and Innovation Policies (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc94323
Access Statistics for this paper
More papers in JRC Research Reports from Joint Research Centre (Seville site) Contact information at EDIRC.
Bibliographic data for series maintained by Publication Officer ().