Evaluation des effets de certaines mesures gouvernementales sur la croissance économique et l’emploi à l'horizon 2020 - Une analyse réalisée à l'aide du modèle HERMES

A new version of the HERMES model - HERMES III

This Working Paper is aimed at describing the current version of Federal Planning Bureau’s medium-term macrosectoral model, named HERMES. This model is used to produce on a regular basis medium-term outlooks for the Belgian economy. In addition to the main macroeconomic aggregates (GDP, private consumption, external trade, investments,…), those outlooks also concern labour market aggregates, detailed public finances, energy  consumption and greenhouse gas emissions. The HERMES model is also used to compute the impact of policy measures and external shocks on the Belgian economy.

Perspectives économiques régionales 2013-2018
Regionale economische vooruitzichten 2013-2018

Perspectives économiques régionales 2012-2017
Regionale economische vooruitzichten 2012-2017

Regionale economische vooruitzichten 2010-2016
Perspectives économiques régionales 2010-2016

Perspectives économiques régionales 2009-2015
Regionale economische vooruitzichten 2009-2015

Analysis of the macroeconomic effects of organising the 2018 FIFA World Cup in Belgium

This  study  discusses  the  possible  effects  of  the  Football  World  Cup  in  2018  on  economic  expenditures.  These  expenditures  mainly  concern  investments  in  stadiums  and  tourist spending  by  visitors.  However,  visiting  teams,  the  media  and  organisational  and  security spending also generate effects. Total expenditure is estimated at €1.15 billion, spread over an eight - year  period,  with  a  large  confidence  interval.  The  effects  of  those  expenditures  on  economic  activity  were  calculated  using  two  economic  models:  an  input - output  model  and  the macroeconomic  model, HERMES .  The  effect  on GDP should  amount  to  approximately  0.13%  in 2018. Employment should increase by roughly 450 to 750 jobs during the run - up to the tournament and by an equivalent of 4 000 to 8 000 man - years in the course of the tournament itself.

Perspectives économiques régionales 2008-2014
Regionale economische vooruitzichten 2008-2014

Perspectives économiques régionales 2007-2013
Regionale economische vooruitzichten 2007-2013