HERMIN. A macroeconometric modelling framework for the EU periphery

John Bradley; Leonor Modesto; Simón Sosvilla-Rivero

doi:10.1016/0264-9993(95)00007-6

HERMIN. A macroeconometric modelling framework for the EU periphery

John Bradley^*, Leonor Modesto, Simón Sosvilla-Rivero

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

14 Citations (Scopus)

Abstract

The need to analyse the effects of EU regional policy required the construction of new models with an orientation towards the problems being experienced in the periphery. We explain the justification for, and nature of, the new modelling framework, giving a brief overview of the economies of the four objective 1 countries, focusing on issues that are particularly relevant to the targets of regional policy. We explore the implications of the stylized facts for model design in the periphery. Finally, we summarize the main common features of the HERMIN modelling approach, and illustrate where key choices need to be made in the light of national specificities.

Original language	English
Pages (from-to)	221-247
Number of pages	27
Journal	Economic Modelling
Volume	12
Issue number	3
DOIs	https://doi.org/10.1016/0264-9993(95)00007-6
Publication status	Published - Jul 1995

Keywords

EU
Macroeconomics
Model
Periphery

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/0264-9993(95)00007-6

Cite this

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HERMIN. A macroeconometric modelling framework for the EU periphery

Abstract

Keywords

UN SDGs

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