Title: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EU's R&D Policies
Citation: REGIONAL STUDIES vol. 49 no. 8 p. 1340-1359
Publication Year: 2015
JRC N°: JRC100019
ISSN: 0034-3404
URI: http://www.tandfonline.com/doi/abs/10.1080/00343404.2015.1034665?journalCode=cres20#.VqI2Kcs1jTI
DOI: 10.1080/00343404.2015.1034665
Type: Articles in periodicals and books
Abstract: European integration changes the prospects of regional economies within the Member States of the European Union in many ways. Cohesion policy is the EU's instrument to in uence and complement the eorts at the national level to ensure that the gains of economic integration reach everyone, and there are no regions left behind. This paper presents and applies a spatial general equilibrium model RHOMOLO to assess the impact of regional policy in the EU. The presented simulation results highlight strengths of the approach taken in RHOMOLO in handling investments in R&D, infrastructure and spillovers of investments in the innovation capacity of the regions, both of which cannot be captured by models in which the spatial structure is not present.
JRC Directorate:Growth and Innovation

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