ExpectedOutcome:Project results are expected to contribute to the following expected outcomes:
Better integration of research and innovation activities in macro-economic models, leading to better measurement of their impact and a better understanding of the channels through which research and innovation lead to impact (direct and indirect) in Europe.Improved macro-economic modelling for the evaluation of R&I policy, at the different levels of policy intervention (EU, national, regional), and reinforced alignment between the development of models and policy use, for example in the context of assessing policy options.Reinforcement of the scientific community focused on the role of research and innovation in the EU economy based on macro-economic models and increased interactions between this community and policy makers in charge of R&I policy in Europe.
Scope:This action will operationalise the recommendations of the “Expert Group to advise on further development of the macro-economic modelling agenda” run during the period 2019-2020, which can be found in the report of the Group[1]. Based on these, it will implement a renovated macro-economic mode...
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ExpectedOutcome:Project results are expected to contribute to the following expected outcomes:
Better integration of research and innovation activities in macro-economic models, leading to better measurement of their impact and a better understanding of the channels through which research and innovation lead to impact (direct and indirect) in Europe.Improved macro-economic modelling for the evaluation of R&I policy, at the different levels of policy intervention (EU, national, regional), and reinforced alignment between the development of models and policy use, for example in the context of assessing policy options.Reinforcement of the scientific community focused on the role of research and innovation in the EU economy based on macro-economic models and increased interactions between this community and policy makers in charge of R&I policy in Europe.
Scope:This action will operationalise the recommendations of the “Expert Group to advise on further development of the macro-economic modelling agenda” run during the period 2019-2020, which can be found in the report of the Group[1]. Based on these, it will implement a renovated macro-economic modelling concept to improve the treatment of R&I and R&I policies in macroeconomic models, by developing a modelling framework consistent with the most recent empirical evidence and the theoretical state of the art.
[1]The report is available here: https://op.europa.eu/en/publication-detail/-/publication/47086c5e-f249-11ea-991b-01aa75ed71a1/language-en/format-PDF/source-153127582.
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