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
No 2018-02, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre (Seville site)
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
New Economics Papers: this item is included in nep-eec and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:201802
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