EU Economic Modelling System

EU-EMS is designed for assessing both the short-term employment effects and long-term structural productivity effects of EU investment policies in innovation, human capital, green infrastructure, SDGs and global value chains. Being a Spatial Dynamic General Equilibrium model, EU-EMS is able to simulate shifts in supply curves and corresponding demand adjustments that result from a policy change,. EU-EMS is able to model the global value chains in EU-27 and 35 non-EU and European Neighbourhood Policy (ENP) countries, distributional impact by income deciles (integrated with the EU-SILC micro-data), firm heterogeneity in terms of technology and productivity (efficiency, capital deepening, human resources, green technology), green finance, distributed ledgers, blockchain and SDGs. EU-EMS provides indicators and estimates about macroeconomic changes, such as GDP, demand by decile, savings, employment, migration, participation, unemployment, education, human capital, investment, trade, productivity, leverage, multiplier and spillover effects across regions and sectors and global value chains. All output indicators are provided for each of the six economic sectors (Traditional sectors, Low-tech industry, Medium-tech industry, High-tech industry, Knowledge intensive services and Other services) and 236 NUTS 2 regions of the EU as well as 35 non-EU and European Neighbourhood Policy (ENP) countries.