Blue Economy Innovation Impact Assessment with the GMR-Europe Model
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Date
2013-11Author
Varga, Attila
Hau-Horváth, Orsolya
Szabó, Norbert
Járosi, Péter
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Show full item recordAbstract
This paper introduces and applies a model system that is suitable for the impact assessment of Blue Economy innovations.
Our contribution to the literature is threefold. First, we build a multi-sector computable general equilibrium (CGE)
model, which provides the theoretical frame for studying the economic impacts of using waste as a production input.
Second, we create an empirical methodology through which new technologies of Blue Economy can be concretely accounted
for in regional input-output tables. Since Blue Economy innovations are largely built on local inputs, their effects
are primarily local. Given that interregional spillovers of local impacts might also be significant, through interregional
trade or migration, we applied a modelling approach that is able to follow complex spatial processes. The
broader model framework chosen is the GMR-Europe model.
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- Business and Economics [102]