Title: RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the EU’s R&D Policies
Publisher: Publications Office of the European Union
Publication Year: 2015
JRC N°: JRC95421
ISBN: 978-92-79-49172-6
ISSN: 1831-9424
Other Identifiers: EUR 27318
OP LF-NA-27318-EN-N
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC95421
DOI: 10.2791/476728
Type: EUR - Scientific and Technical Research Reports
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 influence and complement the efforts 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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