This report describes the first release of the macroeconomic model developed under the project Prospective Insights on R&D in ICT (PREDICT 2), a research project co-financed by the Directorate General for Communications Networks, Content and Technology and the JRC-IPTS. One of the objectives of PREDICT 2 is the development of a macroeconomic model which allows the economic analysis of public support to ICT R&D in the European Union.
This report provides a motivation for the chosen modelling approach, describes the model structure and the calibration of the model to a reference growth path.JRC.J.3-Information Societ
