The RHOMOLO ex-post impact assessment of the 2014-2020 European research and innovation funding programme (Horizon 2020)

Tryfonas Christou, Francesca Crucitti, Abián García Rodríguez (abian.garcia-rodriguez@ec.europa.eu), Nicholas Lazarou (nicholas.lazarou@ec.europa.eu) and Simone Salotti
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Abián García Rodríguez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Nicholas Lazarou: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No 2024-01, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre

Abstract: This paper presents a macroeconomic evaluation of the impact of the Horizon 2020 funds, carried out using the spatial dynamic general equilibrium model RHOMOLO. The policy disbursement data used to feed the model relate to the actual use of the funds over the period 2014-2021, so this is considered an ex-post evaluation. The model simulations suggest that the GDP gains in 2021 for the European Union as a whole would be up to 0.19% compared to the hypothetical baseline with no innovation policy. The GDP gains are also expected to be significant after the end of the 2014-2020 programming period, due to the positive effects of process and product innovations resulting from Horizon 2020 funding. The effects gradually diminish due to the gradual obsolescence of the new knowledge and innovations generated by the policy intervention. The model results also reveal significant interregional spillovers in some, but not all, countries of the Union.

Keywords: innovation policy; regional growth; general equilibrium. (search for similar items in EconPapers)
JEL-codes: C68 O30 R13 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2024-01
New Economics Papers: this item is included in nep-dge, nep-eec and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:202401

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