Persyn, Damiaan; d'Artis Kancs; Torfs, Wouter - Institute for Prospective Technological Studies (IPTS), … - 2014
This paper outlines how regional labour market adjustments to macro-economic and policy shocks are modelled in RHOMOLO through participation, employment and migration decisions of workers. RHOMOLO, being a multi-sectoral, inter-regional general equilibrium model, is complex both in terms of its...