The third pillar of the Investment Plan for Europe: An impact assessment using the RHOMOLO model

Martin Christensen, Andrea Conte, Filippo di Pietro, Patrizio Lecca, Giovanni Mandras and Simone Salotti

No 2018-02, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre

Abstract: We evaluate the macroeconomic impact of the legislative proposals contained in the third pillar of the Investment Plan for Europe using the RHOMOLO modelling framework. In particular, we study a number of proposals related to the Capital Markets Union, the Single Market Strategy, the Digital Single Market, and the Energy Union. The likely economic effects of the removal of cross-country barriers to investment related to these four initiatives are positive and quantified to be on average equal to an increase of 1.5% of EU GDP by 2030. Such an impact would also entail the creation of about 1 million jobs.

Keywords: rhomolo; region; growth; investment plan for europe; third pillar; capital markets union; single market strategy; energy union; digital single market; modelling (search for similar items in EconPapers)
JEL-codes: C54 C68 E62 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2018-11
New Economics Papers: this item is included in nep-eec and nep-mac
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:201802

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