Economic development is interregional in nature, with economic growth being determined by physical and technological proximity identified by interregional and national cross-border interactions in trade, investments, and knowledge. This report explains the construction of a system of...

We describe the procedure used to construct a set of interregional NUTS-2 European Union Social Accounting Matrices for the year 2017, using official Eurostat national and regional account data, and auxiliary data on business and interregional trade flows derived from transport survey data. This...

The European cohesion policy is the EU's main investment policy and targets all regions and cities across the EU to support job creation, business competitiveness, economic growth, and sustainable development. In the 2014-2020 programming period, one third of the EU budget has been allocated to...

This Technical Report describes the features of the RHOMOLO-IO model and demonstrates its flexibility by showing a number of recent policy-relevant applications for which it has been used. Such applications include, for instance, the study of the European Globalisation Fund, of four TEN-T...

We evaluate the macroeconomic impact of the legislative proposals contained in the third pillar of the Investment Plan for Europe using the RHOMOLO modelling framework. In particular, we study a number of proposals related to the Capital Markets Union, the Single Market Strategy, the Digital...

The paper illustrates the effect of a permanent demand-side shock in the perturbed regions and the associated spillover effects in the non-perturbed regions using the RHOMOLO spatial-numerical general equilibrium model of the EU economy. We test to what extent gradual upward pressure on wages...

This study uses both econometric and modelling techniques to quantify the macroeconomic impact of regulatory reforms removing barriers in the European Single Market for services that have taken place in the European Union between 2006 and 2017. It also provides scenario analyses of the impact of...

The paper aims to investigate regional participation in a new Portuguese Research and Innovation (R&I) programme (so-called 'Agendas for Industrialization') funded by the European Next Generation EU (NGEU). Using a probit model with sample selection and a novel dataset, we find that the...

The paper investigates cohesion policy programmes' ability to define accurate policy outputs, in the form of targets. More specifically, the analysis explores the extent to which targets set by ERDF programmes to assess their performance are revised over time and seeks to identify specific...