Modeling the growth effects of regional knowledge production : the GMR-Europe model and its applications for EU Framework Program policy impact simulations

Attila Varga (Faculty of Business and Economics, University of Pécs), Péter Járosi (Faculty of Business and Economics, University of Pécs), Tamás Sebestyén (Faculty of Business and Economics, University of Pécs)

This paper introduces the Geographic Macro and Regional (GMR) model for NUTS-2 regions of the Euro zone. This model consists of three blocks: the TFP, the SCGE and the MACRO blocks. The model is built for impact analysis of policies targeting intangible assets in the forms of R&D, human capital and social capital. The analysis can be done both at the regional and the EU macroeconomic levels. Policy simulations on the growth impacts of the 6th European Framework Program illustrate the capabilities of the complex model system.

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Year of publication:	[2011]
Authors:	Varga, Attila ; Járosi, Péter ; Sebestyén, Tamás
Published in:	New challenges for European regions and urban areas in a globalised world : 51st ERSA Congress : 51st European Congress of the Regional Science Association International : 37th Spanish Regional Science Association Conference : 30th August - 3rd September 2011, Barcelona, Spain
Publisher:	[Louvain-la-Neuve] : European Regional Science Association
Subject:	TFP \| SCGE models \| DSGE models \| impact analysis R&D \| human capital \| social capital \| Humankapital \| Human capital \| Sozialkapital \| Social capital \| Wirkungsanalyse \| Impact assessment \| Simulation \| Theorie \| Theory \| Produktivität \| Productivity \| Dynamisches Gleichgewicht \| Dynamic equilibrium