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Joint Research Center (JRC)
RHOMOLO

Regional Holistic Model

EconomyDynamic spatial general equilibrium modelendogenous growthinnovationhuman capitaleconometrically estimated parametersmacroeconomic modelspatial computable general equilibrium

Quality & Transparency

Quality

Model uncertainties

Models are by definition affected by uncertainties (in input data, input parameters, scenario definitions, etc.). Have the model uncertainties been quantified? Are uncertainties accounted for in your simulations?

not applicable
The type of analysis carried out with RHOMOLO, that is scenario analysis, can take care of uncertainties by simulating several alternative scenarios to be compared with the baseline one.

    Sensitivity analysis

    Sensitivity analysis helps identifying the uncertain inputs mostly responsible for the uncertainty in the model responses. Has the model undergone sensitivity analysis?

    yes
    A member of the Regional Economic Modelling team is in charge of carrying out sensitivity analysis for RHOMOLO. For more details see Diukanova (2018).

      Have model results been published in peer-reviewed articles?

      yes
      The report Scientific review of the model is the following: Boeters, S., Hordijk, L., Korzhenevych, A., Przeor, M., Swales, K., Vandyck, T., Varga, A., Varga, J., and Wolski, M (2017)

        Has the model formally undergone scientific review by a panel of international experts?

        Please note that this does not refer to the cases when model results were validated by stakeholders.

        yes

          Model validation

          Has model validation been done? Have model predictions been confronted with observed data (ex-post)?

          not applicable
          Model projections cannot and should not be confronted with observed data because RHOMOLO is not a forecast model.

            Transparency

            To what extent do input data come from publicly available sources?

            This may include sources accessible upon subscription and/or payment

            Based on both publicly available and restricted-access sources

            Is the full model database as such available to external users?

            Whether or not it implies a specific procedure or a fee

            no
            As of February 2022, work is in progress to update the base year to 2017. The plan is to make the new dataset publicly available together with the data of the FIGARO project (Summer 2022).

              Have model results been presented in publicly available reports?

              Note this excludes IA reports.

              yes

              Have output datasets been made publicly available?

              Note this could also imply a specific procedure or a fee.

              no
              Model outputs are publicly available through the publications made by the members of the TEDAM team. Full results are available upon request.

                Is there any user friendly interface presenting model results that is accessible to the public?

                For instance: Dashboard, interactive interfaces...

                yes
                We published an interactive dashboard with results for an analysis on cohesion policy in Portugal.

                Has the model been documented in a publicly available dedicated report or a manual?

                Note this excludes IA reports.

                yes
                All the model equations are transparently documented in Lecca et al. (2018).

                Is there a dedicated public website where information about the model is provided?

                yes

                Is the model code open-source?

                no

                Can the code be accessed upon request?

                no