Blue Economy Innovation Impact Assessment with the GMR-Europe Model*

Varga, Attila and Hau-Horváth, Orsolya and Szabó, Norbert and Jarosi, Péter (2013) Blue Economy Innovation Impact Assessment with the GMR-Europe Model*. Technology and Investment. ISSN 2150-4059

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Abstract

ABSTRACT This paper introduces and applies a model system that is suitable for the impact assessment of Blue Economy innova-tions. 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 ac-counted for in regional input-output tables. Since Blue Economy innovations are largely built on local inputs, their ef-fects are primarily local. Given that interregional spillovers of local impacts might also be significant, through interre-gional 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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