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Rhomolo: A Dynamic Spatial General Equilibrium Model for Assessing the Impact of Cohesion Policy

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Author Info

  • Andries Brandsma

    ()
    (European Commission – JRC - IPTS)

  • d’Artis Kancs

    (European Commission – JRC - IPTS)

  • Philippe Monfort

    ()
    (European Commission – DG REGIO)

  • Alexandra Rillaers

    ()
    (European Commission – DG REGIO)

Abstract

The paper presents the newly developed dynamic spatial general equilibrium model of European Commission - RHOMOLO, in which the interplay of agglomeration and dispersion forces can be analysed in a novel and theoretically consistent way. A particular attention is paid to flows of goods, factors and services within and between regions that are generated by the stimulus to the regions. This will allow an assessment of the feedback to the Member States and regions and the possibility that in the longer run they will all benefit from the additional growth that is generated. In doing so, it sheds new light on how the success of cohesion policy can be measured.

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File URL: http://publications.jrc.ec.europa.eu/repository/handle/111111111/28487
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Bibliographic Info

Paper provided by Institute for Prospective and Technological Studies, Joint Research Centre in its series JRC-IPTS Working Papers with number JRC81133.

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Length: 24 pages
Date of creation: May 2013
Date of revision:
Handle: RePEc:ipt:iptwpa:jrc81133

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Related research

Keywords: Economic modelling; spatial dynamics; policy impact assessment; regional development; economic geography; spatial equilibrium; DSGE.;

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Cited by:
  1. Persyn, Damiaan & Brandsma, Andries & Kancs, d’Artis, 2014. "Modelling Migration and Regional Labour Markets: an Application of the New Economic Geography Model RHOMOLO," Journal of Economic Integration, Center for Economic Integration, Sejong University, Center for Economic Integration, Sejong University, vol. 29, pages 372-407.
  2. Andries Brandsma & Pavel Ciaian & d'Artis Kancs, 2010. "The Role of Additionality in the EU Cohesion Policies: An Example of Firm-Level Investment Support," EERI Research Paper Series EERI_RP_2010_46, Economics and Econometrics Research Institute (EERI), Brussels.
  3. D'Artis Kancs & Enrique Lopez-Bazo & Fabio Manca & Damiaan Persyn, 2012. "Modelling Migration and Regional Labour Markets: An Application of New Economic Geography Model Rhomolo," ERSA conference papers ersa12p808, European Regional Science Association.

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