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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...
Persistent link: https://www.econbiz.de/10012059271
This study quantifies the significant economic gains that are expected to be revealed through the abolition or relaxation of local content based policies. The work analyses two specific local content policies affecting directly or indirectly the shipbuilding industry in two countries: Brazil’s...
Persistent link: https://www.econbiz.de/10012061229
Do input-output linkages of intermediate products affect the spread of sectoral shocks at the aggregate level in Lithuania, a small and open economy? What role does openness play in the empirical exercise? We answer these questions by: (i) constructing the Lithuanian input-output transactions...
Persistent link: https://www.econbiz.de/10012010269
the separation of quantity and price effects captured in unit cost indicators, while retaining the same desirable …
Persistent link: https://www.econbiz.de/10012018908
Using input–output data from Symmetric Input–Output Tables for the year 2010 and relevant price models, this paper … provides empirical estimations of medium- and long-run effects of wage and currency devaluations on international price … comparatively slow and inefficient process to improve international price competitiveness in the medium-run. …
Persistent link: https://www.econbiz.de/10012033513
I show that inter-firm lending plays an important role in business cycle fluctuations. I first build a tractable network model of the economy in which trade in intermediate goods is financed by supplier credit. In the model, a financial shock to one firm affects its ability to make payments to...
Persistent link: https://www.econbiz.de/10011932181
This paper considers the impact of agriculture and international trade development on income distribution and economic activity in Mozambique. A social accounting matrix multiplier decomposition model is used -- in particular, an extension of the standard model that details the process of income...
Persistent link: https://www.econbiz.de/10012122653
Industrial activity periodically experiences breakthrough innovations in energy efficiency, but the estimated impacts of these innovations on aggregate energy use are highly varied. We develop a general equilibrium model to investigate whether this variation is determined by the structure of the...
Persistent link: https://www.econbiz.de/10012157316
The recent macroeconomic literature dealing with fiscal policy multipliers is dominated by applications of aggregate DSGE (Dynamic Stochastic General Equilibrium) models, whereas multi-sectoral models (econometric input-output or CGE) are absent. This paper contributes to the debate from a...
Persistent link: https://www.econbiz.de/10011710020
This paper proposes a sectoral extension to STREAM, the Bank's main macroeconometric model. The extension documented in this paper borrows heavily from linking integration strategies prevalent in literature. The approach utilised here however, differs in two main ways when compared to existing...
Persistent link: https://www.econbiz.de/10012317412