Rhomolo
A regional holistic model for Europe
The regional holistic model (Rhomolo) is a regional economic model currently being built for five European countries (Germany, Poland, Slovak Republic, Czech Republic and Hungary). Each European country in Rhomolo consists of several regions, connected by good and material flows, investment flows and migration. Rhomolo contains a detailed representation of each region’s economy, modelling several households, types of production sectors and multiple government levels. The behaviour of each economic agent is based on sound micro-economic theory.
RHOMOLO incorporates the following important features:
- linking regions within a New Economic Geography (NEG) framework
- having inter-temporal dynamic features with endogenous growth engines
- including detailed public sector interventions
- incorporating a multi-level governance system
The Rhomolo model has some serious advantages, compared with other economic models currently in use. Rhomolo extends the analysis to the regional level of the EU countries (NUTS-2 level for all countries, except for Germany), integrating a very detailed structure of each region’s economy. In addition, Rhomolo takes a serious step beyond the current state-of-the-art, taking up advances in trade theory, endogenous growth, labour markets and migration. Rhomolo is a flexible and dynamic model that can be used for almost any type of policy, due to its unique integration of economic, environmental and social dimensions.
The model will principally be used for a balanced analysis of the European Cohesion Policies (ECP). However, Rhomolo’s use can be extended beyond ex-ante ECP impact assessment and also be used for ex-post impact assessment, other policy simulations and comparisons between policy scenarios.
The responsibility of TML in the Rhomolo project is related to making improvements in the model structure and calculation of specific indicators with the model, as a complement to the work of TNO.
reports/deliverables
No reports available yet
period
2010
funded by
European Commission, DG REGIO
researchers
Christophe Heyndrickx
partners
Nederlandse Organisatie voor Toegepast Natuurwetenschappelijk Onderzoek (TNO), CPB and Cambridge econometrics
contact
Christophe Heyndrickx
+32 16 74.51.21