Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202273
Authors: 
Lecca, Patrizio
Christensen, Martin
Conte, Andrea
Mandras, Giovanni
Salotti, Simone
Year of Publication: 
2019
Series/Report no.: 
JRC Working Papers on Territorial Modelling and Analysis 03/2019
Abstract: 
The paper illustrates the effect of a permanent demand-side shock in the perturbed regions and the associated spillover effects in the non-perturbed regions using the RHOMOLO spatial-numerical general equilibrium model of the EU economy. We test to what extent gradual upward pressure on wages generated by a domestic increase in demand alters the magnitude of the economic impacts in the long-run and the degree to which this could result in changes in trade patterns. We also assess the size and the direction of the effects with varying trade substitution elasticities and under both perfectly and imperfectly competitive product markets.
Subjects: 
rhomolo
region
growth
regional development policies
Regional policy spillovers
spatial general equilibrium
JEL: 
J31
R12
R23
R58
Document Type: 
Working Paper
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