In this paper we assess the system-wide economic impact of the key financial instruments adopted by the European Union for the implementation of the regional policy: The Structural funds and The Cohesion Funds. We take a bottom-up approach by aggregating the 86 categories of expenditures defined...

The present paper studies the modelling of inter-regional trade flows in the newly developed general equilibrium model of European Commission, Rhomolo. In contrast to international trade, usually, trade of goods and services between regions is not recorded statistically. As a result, no...

In this paper we assess the system-wide economic impact of the key financial instruments adopted by the European Union for the implementation of the regional policy: The Structural funds and The Cohesion Funds. We take a bottom-up approach by aggregating the 86 categories of expenditures defined...

The dynamic spatial general equilibrium model RHOMOLO with endogenous firm location incorporates multiple sources of agglomeration and dispersion. Agglomeration is driven mainly by increasing returns to scale and localised externalities; dispersion by costly trade and imperfect competition. In...

Recently, the European Commission has proposed to introduce a new migration policy instrument - Blue Cards - to attract highly skilled workers from abroad by lifting labour market restrictions, offering financial and housing benefits. The excludability character of human capital suggests that...