Christensen, Martin Conte, Andrea Di Pietro, Filippo Lecca, Patrizio Mandras, Giovanni Salotti, Simone
Year of Publication:
JRC Working Papers on Territorial Modelling and Analysis 02/2018
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.
rhomolo region growth investment plan for europe third pillar capital markets union single market strategy energy union digital single market modelling