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Youth related measures of the Recovery and Resilience Facility. A RHOMOLO analysis

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Abstract

Young people (15-29 years old) were the most impacted due to the Covid-19 pandemic crisis in terms of their labour market situation. In response to the crisis, the European Commission launched the Recovery and Resilience Facility (RRF), which became operative through Member States’ (MS) Recovery and Resilience Plans (RRPs). About 9% of the measures included in the RRPs approved by March 2022 are youth-related. Youth-related measures comprise investments to improve labour productivity and labour supply, as well as public infrastructures investments. The RHOMOLO analysis reported here quantifies the potential impact of these measures on GDP and employment at the NUTS2 level. RRF youth-related measures have the potential to increase GDP and employment by 0.8% and 0.5% respectively. The regions with the highest youth unemployment rates should benefit the most.

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  • Nicholas Lazarou & Anabela Marques Santos & Juan Carlos Del Rio & Stylianos Sakkas, 2022. "Youth related measures of the Recovery and Resilience Facility. A RHOMOLO analysis," JRC Research Reports JRC129687, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc129687
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    Keywords

    rhomolo; general equilibrium; economic growth;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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