The attached document addresses the progress of the FAIRMODE/SG1 activity since it starts in June 2013 up to the month of November 2013, for a total of about 100 working days. During this period the analysis has focused on the development of a novel methodology - point-centred semi variogram...

The attached document addresses the progress of the FAIRMODE/SG1 activity since it starts in June 2013 up to the month of November 2013, for a total of about 100 working days. During this period the analysis has focused on the development of a novel methodology - point-centred semi variogram...

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, interregional general equilibrium model, is complex both in terms of its...

The present paper describes the modelling of regional labour markets in the newly developed dynamic spatial general equilibrium model RHOMOLO, where the labour market equilibrium is determined by firms' labour demand, a wage-curve determining unemployment, and interregional labour migration. The...

This report presents the current version of the European Commission's spatial computable general equilibrium model RHOMOLO, developed by the Directorate-General Joint Research Centre (DG JRC) in collaboration with the Directorate-General for Regional and Urban Policy (DG REGIO) to undertake the...

Announced in the 2023 Strategic Foresight Report of the Commission, the sustainable and inclusive wellbeing initiative recognizes the usefulness of GDP but also the need for complimentary indicators to fully capture all aspects of the quality of life, inclusiveness, and sustainability. One of...

The triple planetary crisis (climate change, biodiversity loss and pollution), the Covid pandemic, financial crises, persisting poverty, social exclusion, increasing inequality, and societal polarisation all clearly demonstrate that GDP is incomplete as a measure of a country's economic...

Well-being is a difficult concept to define and even harder to measure. The first part of this report reviews and provides a synthesis of the vast amount of literature that exists on the concept of well-being. Two main broad approaches to well-being are considered - the subjective and the...