Macro-Economic Models for R&D and Innovation Policies
This report compares the modelling of R&D in four macroeconomic models used by the European Commission for ex ante policy assessment: QUEST, RHOMOLO, GEM-E3 and NEMESIS, which are. Whereas the former three are general equilibrium models, the latter is a reduced form macro-econometric model. The report highlights those parts of the models that are relevant to R&D transmission mechanisms and interfaces for implementing policy shocks.
DI COMITE Francesco;
KANCS D'Artis;
2015-04-07
Publications Office of the European Union
JRC94323
978-92-79-45241-3,
1831-9424,
EUR 27080,
OP LF-NA-27080-EN-N,
https://publications.jrc.ec.europa.eu/repository/handle/JRC94323,
10.2791/08850,
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