This chapter provides a description of the QUEST III model, with a special emphasis on its innovation mechanisms, and offers an example of its application to the analysis of the impact of innovation policies in the EU. In particular, the results of the simulations of an ex-ante impact assessment...

This Chapter presents the EU policy context that underlies the need for macroeconomic modelling for the conduct of impact evaluations of R&I funding programmes and provides a critical summary and comparison of the different ex-ante macroeconomic impact assessments of the Horizon Europe Framework...