This paper describes the National Institute of Economic and Social Research's (NIESR) approach to the analysis of the implementation of the Lisbon Agenda. It forms the background to the European Commission Competitiveness Report chapter on spillovers and the Lisbon Process. The paper describes...

We examine the welfare effects of R&D subsidies using a product cycle model of trade between two developed countries. We simulate steady-state welfare in Japan and the U.S. for high- and low-skilled labor over different combinations of subsidy rates. Japanese subsidies to R&D usually benefit...

Mitigation-Process Integrated Assessment Models (MP-IAMs) are used to analyze long-term transformation pathways of the energy system required to achieve stringent climate change mitigation targets. Due to their substantial temporal and spatial aggregation, IAMs cannot explicitly represent all...

With the increasing amount of volatile infeed from renewable energy sources the need for flexibility becomes more and more urgent. This holds especially for the distribution grids where critical load situations caused by high local renewable infeed occur increasingly often. Therefore, demand...

This paper documents the specification of a model that was constructed to assess debt sustainability in emerging market economies. Key features of the model include external and fiscal sectors, which allow assessment of external and public debt in a unified framework; public and external debt,...