Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202267
Authors: 
Christensen, Martin
Conte, Andrea
Di Pietro, Filippo
Lecca, Patrizio
Mandras, Giovanni
Salotti, Simone
Year of Publication: 
2018
Series/Report no.: 
JRC Working Papers on Territorial Modelling and Analysis 02/2018
Abstract: 
We evaluate the macroeconomic impact of the legislative proposals contained in the third pillar of the Investment Plan for Europe using the RHOMOLO modelling framework. In particular, we study a number of proposals related to the Capital Markets Union, the Single Market Strategy, the Digital Single Market, and the Energy Union. The likely economic effects of the removal of cross-country barriers to investment related to these four initiatives are positive and quantified to be on average equal to an increase of 1.5% of EU GDP by 2030. Such an impact would also entail the creation of about 1 million jobs.
Subjects: 
rhomolo
region
growth
investment plan for europe
third pillar
capital markets union
single market strategy
energy union
digital single market
modelling
JEL: 
C54
C68
E62
Document Type: 
Working Paper

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