Timely and accurate signals about the current state of the economy are essential for analysts. The objective of the paper is to compare the accuracy of PMI-based nowcast of current quarter-on-quarter real GDP growth with that of the flash GDP estimateIn-sample regressions for 1998Q3-2011Q1...

Gas from the Russian Federation accounts for a quarter of the consumption in the European Union and for more than 40% of its imports. In 2010 essentially all of these imports depended on transit through either Belarus or Ukraine, both being major importers of Russian gas themselves. On both...

Most of the currently existing endogenous growth models were developed within and for industrial countries, i.e. for a well endowed world. Most developing countries, especially in Africa, however, have low capital endowments, low rates of capital accumulation and low technological capabilities....

We compute demand and supply multipliers in order to compare them. These multipliers are computed by using a CGE model. The analysis is applied to two regional economies, Catalonia and Extremadura, so we can compare the results of both economies. We build a Computable General Equilibrium (CGE)...

This study incorporates endogenous and directed technical change in a dynamic, general equilibrium framework, with a bottom-up representation of technologies. On the example of the Austrian transport sector this paper studies the economic impacts of a carbon tax and a subsidy in research and...

This paper suggests a demand side analysis of informal employment characterised by incompliances with labour tax regulation using a general equilibrium model with overlapping generations. A public social insurance provide benefits to formal employees in retirement, while we allow for an informal...

The main objective of this paper is to describe and analyse the challenges of an integrated economic modelling for policy support. The quantitative analysis and assessment of agricultural, rural development and related policies (e.g. trade, energy, environment, and climate change) is an...

The European project WASSERMed addresses issues of water availability and climate change in the Mediterranean. This paper illustrates the findings obtained in WASSERMed about impacts on tourism. The methodology is based on a bottom-up strategy. A micro-model has been developed, forecasting...

The United States has extended the duration that unemployment insurance (UI) benefits can be received during every recession in the last half century. In the recession of the early 1990s and 2000s Congress extended UI benefits by 27 and 20 weeks respectively, at a cost of $37.1 and $23.4 billion...

A Social Accounting Matrix (SAM) is a comprehensive, economy-wide data framework of real accounts, typically representing the economy of a nation but also providing the link between the economy and the rest of the world in terms of trade flows. However, in order to have complete picture of the...