Computable general equilibrium (CGE) modelling for regional economic development analysis

Regional Studies

Volumn 44, Issue 10, 2010, Pages 1311-1328

  Partridge, Mark D ^b   Rickman, Dan S ^a  

^a OKLAHOMA STATE UNIVERSITY   (United States)

^b OHIO STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS; ECONOMIC ANALYSIS; ECONOMIC DEVELOPMENT; ECONOMIC POLICY; EMPIRICAL ANALYSIS; POLICY ANALYSIS; REGIONAL ECONOMY;

EID: 77952332035     PISSN: 00343404     EISSN: 13600591     Source Type: Journal    
DOI: 10.1080/00343400701654236     Document Type: Article

References (119)

1. ABLER D. G., RODRÍGUEZ A. G. and SHORTLE J. S. (1999) Parameter uncertainty in CGE modelling of the environmental impacts of economic policies, Environmental and Resource Economics 14, 75-94.
2. ADAMS P. D. and HIGGS P. J. (1990) Calibration of computable general equilibrium models from synthetic benchmark equilibrium data sets, Economic Record 66, 110-126.
3. ADKINS L. C., RICKMAN D. S. and HAMEED A. (2003) Bayesian estimation of regional production for CGE modeling, Journal of Regional Science 43, 641-661.
4. ARNDT C., ROBINSON S. and TARP F. (2002) Parameter estimation for a computable general equilibrium model: a maximum entropy approach, Economic Modelling 19, 375-398.
5. AUERBACH A and KOTLIKOFF L. (1987) Dynamic Fiscal Policy. Cambridge University Press, Cambridge.
6. BALLARD C. (1987) Tax policy and consumer foresight: a general equilibrium simulation study, Economic Inquiry 25, 267-284.
7. BALLARD C., FULLERTON D., SHOVEN J. B. and WHALLEY J. (1985) A General Equilibrium Model for Tax Policy Evaluation. University of Chicago Press, Chicago, IL.
8. BANDARA J. S. (1991) Computable general equilibrium models for development policy analysis in LDCs, Journal of Economic Surveys 5, 3-69.
9. BARTIK T. J. (1991) Who Benefits from State and Local Economic Development Policies? Upjohn Institute, Kalamazoo, MI.
10. BARTIK T. J. (1993) Who benefits from local job growth: migrants or the original residents?, Regional Studies 27, 297-311.
11. BARTIK T. J. (1994) The effects of metropolitan job growth on the size distribution of family income, Journal of Regional Science 1994,483-502.
12. BARTIK T. J. (1996) The distributional effects of local labor demand and industrial mix: estimates using individual panel data, Journal of Urban Economics 40, 150-178.
13. BARTIK T. J. (2001) Jobs for the Poor: Can Labor Demand Policies Help? Russell Sage Foundation, New York, NY.
14. BATEY P. W. J. and ROSE A. Z. (1990) Extended input-output models: progress and potential, International Regional Science Review 13,27-49.
15. BERCK P., GOLAN E. and SMITH B. (1997) State tax policy, labor, and tax revenue feedback effects, Industrial Relations 36, 339-418.
16. BHATTACHARYYA S. C. (1996) Applied general equilibrium models for energy studies: a survey, Energy Economics 18, 145-164.
17. BILGIC A., KING S., LUSBY A. and SCHREINER D. F. (2002) Estimates of U.S. regional commodity trade elasticities of substitution, Journal of Regional Analysis and Policy 32, 79-98.
18. BLANCHFLOWER D. G and OSWALD A. J. (1994) The Wage Curve. MIT Press, Cambridge, MA.
19. BOUND J. and HOLZER H. (2000) Demand shifts, population adjustments, and labor market outcomes in the 1980s, Journal of Labor Economics 18, 20-54.
20. BOUSHEY H. (2002) Reworking the wage curve: exploring the consistency of the model across time, space and demographic group, Review of Political Economy 14, 293-311.
21. CHIARINI B. and PISELLI P. (1997) Wage setting, wage curve and Phillips curve: the Italian evidence, Scottish Journal of Political Economy 44, 545-565.
22. CICCONE A. (2002) Agglomeration effects in Europe, European Economic Review 46, 213-227.
23. CICCONE A. and HALL R. E. (1996) Productivity and the density of economic activity, American Economic Review 86, 54-70.
24. CONRAD K. and HENG S. (2002) Financing road infrastructure by savings in congestion costs: a CGE analysis, Annals of Regional Science 36, 107-122.
25. COOPER R. J. and MClaren K. R. (1983) The ORANI-MACRO interface: an illustrative exposition, Economic Record 59, 166-179.
26. CUTLER H. and STRELNIKOVA I. (2004) The impact of the U.S. sales tax rate on city size and economic activity, Urban Studies 41, 875-885.
27. DALENBERG D. R. and PARTRIDGE M. D. (1997) Public infrastructure and wages: public capital's role as a productive input and household amenity, Land Economics 73, 268-284.
28. DALENBERG D. R. and PARTRIDGE M. D. (2000) An empirical analysis of state labor markets: has worker insecurities shifted wages in the 1990s?, Quarterly Review Economics and Finance 40, 303-323.
29. DALENBERG D. R., PARTRIDGE M. D. and RICKMAN D. S. (1998) Public infrastructure, pork or jobs creator?, Public Finance Review 26, 24-52.
30. Decaluwé B. and Martens A. (1988) CGE modeling and developing economies: a concise empirical survey of 73 applications to 26 countries, Journal of Policy Modeling 10, 529-668.
31. Decaluwé B., PATRY A., SAVARD L. and THORBECKE E. (1999) Poverty Analysis Within a General Equilibrium Framework. Working Paper No. 9909 99-06. Centre de Recherche en É conomie et Finance Appliquée (CRÉFA), Laval.
32. Decressin J and FatáS A. (1995) Regional labor market dynamics, European Economic Review 39, 1627-1655.
33. DEEPAK M. S., WEST C. T. and SPREEN T. H. (2001) Local government portfolios and regional growth: some combined dynamic CGE/optimal control results, Journal of Regional Science 41, 219-254.
34. DEVUYST E. A. and PRECKEL P. V. (1997) Sensitivity analysis revisited: a quadrature-based approach, Journal of Policy Modeling 19, 175-185.
35. DIXON P. B and RIMMER M. T. (2002) Dynamic General Equilibrium Modelling for Forecasting and Policy. North Holland, Amsterdam.
36. FANE G. and WARR P. (2002) How Economic Growth Reduces Poverty: A General Equilibrium Analysis for Indonesia. Discussion Paper No. 2002/19. World Institute for Development Economics Research, Helsinki.
37. FERGUSON L., MCGREGOR P. G., SWALES J. K., TURNER K. R. and YIN Y. P. (2005) Incorporating sustainability indicators into a computable general equilibrium model of the Scottish economy, Economic Systems Research 17, 103-140.
38. FORSLID R., HAALAND J. I., KNARVIK K. H. M. and MAESTAD O. (2002) Integration and transition: scenarios for the location of production and trade in Europe, Economics of Transition 10, 93-117.
39. GALLIN J. H. (2004) Net migration and state labor market dynamics, Journal of Labor Economics 22, 1-21.
40. GAZEL R., HEWINGS G. J. D. and SONIS M. (1995) Trade, sensitivity, and feedbacks: interregional impacts of the US-Canada Free Trade Agreement, in VANDEN BERGH J. C. J. M., NIJKAMP P. and RIETVELD P. (Eds) Recent Advances in Spatial Equilibrium Modeling, pp. 278-300, Springer, New York, NY.
41. GIESECKE J. (2002) Explaining regional economic performance: an historical application of a dynamic multi-regional CGE model, Papers in Regional Science 81, 247-278.
42. GIESECKE J. (2003) Targeting regional output with state government fiscal instruments: a dynamic multi-regional CGE analysis, Australian Economic Papers 42, 214-233.
43. GIESECKE J. and MADDEN J. R. (2003a) A large-scale dynamic multi-regional CGE model with an illustrative application, Review of Urban and Regional Development Studies 15, 2-25.
44. GIESECKE J. and MADDEN J. R. (2003b) Regional labour market adjustment to competition policy reforms: a dynamic CGE framework for assessment, Australian Journal of Labour Economics 6, 409-433.
45. GILLESPIE G., MCGREGOR P. G., SWALES J. K. and YIN Y. P. (2001) The displacement and multiplier effects of regional selective assistance: a computable general equilibrium analysis, Regional Studies 35, 125-139.
46. GROENEWOLD N. (1997) Does migration equalise regional unemployment rates? Evidence from Australia, Papers in Regional Science 76, 1-20.
47. GROENEWOLD N., HAGGER A. J. and MADDEN J. R. (2003) Interregional transfers: a political-economy CGE approach, Papers in Regional Science 82, 535-554.
48. GYOURKO J., KAHN M. and TRACY J. (1999) Quality of life and environmental comparisons, in MILLS E. S. and CHESHIRE P. (Eds) Handbook of Regional and Urban Economics, pp. 1413-1454. North Holland Press, New York, NY.
49. GYOURKO J. and TRACY J. (1989) The importance of local fiscal conditions in analyzing local labor markets, Journal of Political Economy 97, 1209-1231.
50. HADDAD E. A. and HEWINGS G. J. D. (2005) Market imperfections in a spatial economy: some experimental results, Quarterly Review of Economics and Finance 45, 476-496.
51. HARRIGAN F., MCGREGOR P. G. and SWALES J. K. (1996) The system-wide impact on the recipient region of a regional labour market subsidy, Oxford Economic Papers 48, 105-133.
52. HARRISON G. W. and VINOD H. D. (1992) The sensitivity analysis of applied general equilibrium models: completely randomized factorial sampling designs, Review of Economics and Statistics 74, 357-362.
53. HEAD K. and MAYER T. (2004) The Empirics of Agglomeration and Trade. Handbook of Regional and Urban Economics, Vol. 4 (available at: http://strategy.sauder.ubc.ca/head/Papers/neat.pdf).
54. IARA A. and TRAISTARU I. (2004) How flexible are wages in EU accession countries?, Labour Economics 11, 431-450.
55. JIMENO J. F. and BENTOLILA S. (1995) Regional unemployment persistence (Spain, 1976-1994), Labour Economics 5, 25-51.
56. JOHNSON R. C. (2006) Landing a job in urban space: the extent and effects of spatial mismatch, Regional Science and Urban Economics 36, 331-372.
57. KEHOE T. J., POLO C. and SANCHO F. (1995) An evaluation of the performance of an applied general equilibrium model of the Spanish economy, Economic Theory 6, 115-141.
58. KILKENNY M. (1998) Transport costs and rural development, Journal of Regional Science 38, 293-312.
59. KIM E. and KIM K. (2002) Impacts of the development of large cities on economic growth and income distribution in Korea: a multiregional CGE model, Papers in Regional Science 82, 101-122.
60. KIM E. and KIM K. (2003) Impacts of regional development strategies on growth and equity of Korea: a multiregional model, Annals of Regional Science 36, 165-180.
61. KLEPPER G. and PETERSON S. (2006) Emissions trading, CDJM, JI, and more: the climate strategy of the EU, Energy Journal 27, 1-26.
62. KOH Y.K. (1991) Analysis of Oklahoma's boom and bust economy by means of a CGE model. Unpublished PhD dissertation, Oklahoma State University.
63. KOH Y.-K., SCHREINER D. F. and SHIN H. (1993) Comparisons of regional fixed price and general equilibrium models, Regional Science Perspectives 23, 33-80.
64. KRUGMAN P. (1998) Space: the final frontier, Journal of Economic Perspectives 12, 161-174.
65. LIU J., ARNDT C. and HERTEL T. W. (2004) Parameter estimation and measures of fit in a global, general equilibrium model, Journal of Economic Integration 19, 626-649.
66. LLOYD P.J and MACLAFREN D.(2004)Gainsandlossesfromregionaltradingagreements:asurvey,EconomicRecord80(251),445-467.
67. LOFGREN H. and ROBINSON S. (2002) Spatial-network, general equilibrium model with a stylized application, Regional Science and Urban Economics 32, 651-671.
68. LOFGREN H., ROBINSON S. and EL-SAID M. (2003) Poverty and inequality analysis in a general equilibrium framework: the representative household approach, in BOURGUIGNON F. and PEREIRADA SILVA L. A. (Eds) The Impact of Economic Policies on Poverty and Income Distribution: Evaluation Techniques and Tools, pp. 325-337. World Bank and Oxford University Press, Washington, DC, and New York, NY.
69. MADDEN J. R. (2006) Economic and fiscal impacts of mega sporting events: a general equilibrium assessment, Public Finance and Management 8, 346-394.
70. MATHUR V. K. and STEIN S. H. (1993) The role of amenities in a general equilibrium model of regional migration and growth, Southern Economic Journal 59, 394-409.
71. MCGREGOR P. G. and SWALES J. K. (2005) Economics of devolution/decentralization in the UK: some questions and answers, Regional Studies 39, 477-494.
72. MCGREGOR P. G., SWALES J. K. and YIN Y. P. (1995a) Migration equilibria in regional economies: a multi-period CGE analysis of an improvement in local amenities, in VANDEN BERGH J. C. J. M., NIJKAMP P. and RIETVELD P. (Eds) Recent Advances in Spatial Equilibrium Modeling, pp. 346-358, Springer, New York, NY.
73. MCGREGOR P. G., SWALES J. K. and YIN Y. P. (1995b) Migration equilibria/disequilibria and the natural rate of unemployment in a regional context, International Journal of Manpower 16, 66-72.
74. MCGREGOR P. G., SWALES J. K. and YIN Y. P. (1996) A long-run interpretation of regional input-output analysis, Journal of Regional Science 36, 479-500.
75. MCGREGOR P. G., SWALES J. K. and YIN Y. P. (1999) Spillover and feedback effects in general equilibrium interregional models of the national economy: a requiem for interregional input-output, in HEWINGS G. J. D., SONIS M., MADDEN M. and KOIMURA Y. (Eds) Understanding and Interpreting Economic Structure, pp. 169-190, Springer, Berlin.
76. MCKITRICK R. (1998) The econometric critique of computable general equilibrium modeling: the role of functional forms, Economic Modelling 15, 543-573.
77. MIKELBANK B. A. and JACKSON R. W. (2000) The role of space in public capital research, International Regional Science Review 23, 235-258.
78. MORGAN W., MUTTI J. and RICKMAN D. (1996) Tax exporting, regional economic growth, and welfare, Journal of Urban Economics 39, 131-159.
79. OBSTFELD M. and PERI G. (1998) Regional non-adjustment and fiscal policy, in BEGG D., VONHAGEN J., WYPLOSZ C. and ZIMMERMANN K. F. (Eds) EMU: Prospects and Challenges for the Euro, pp. 207-259. Blackwells, London.
80. PANNENBERG M. and SCHWARZE J. (1998) Labor market slack and the wage curve, Economics Letters 58, 351-354.
81. PAPPS K. (2001) Investigating a wage curve for New Zealand, New Zealand Economic Papers 35, 218-239.
82. PARTRIDGE M. D. (2001) Changes in U.S. and Canadian wage dynamics in the 1990s: how unique are favorable U.S. labor market developments?, Review of Regional Studies 31, 71-93.
83. PARTRIDGE M. D. and RICKMAN D. S. (1997a) The dispersion of US state unemployment rates: the role of market and nonmarket equilibrium factors, Regional Studies 31, 593-606.
84. PARTRIDGE M. D. and RICKMAN D. S. (1997b) Has the wage curve nullified the Harris-Todaro model? Further US evidence, Economics Letters 54, 277-282.
85. PARTRIDGE M. D. and RICKMAN D. S. (1998) Regional computable general equilibrium modeling: a survey and critical appraisal, International Regional Science Review 21, 205-248.
86. PARTRIDGE M. D. and RICKMAN D. S. (1999) Which comes first, jobs or people? An analysis of the recent stylized facts, Economics Letters 64, 117-123.
87. PARTRIDGE M. D. and RICKMAN D. S. (2003a) Do we know economic development when we see it?, Review of Regional Studies 33,17-39.
88. PARTRIDGE M. D. and RICKMAN D. S. (2003b) The waxing and waning of regional economies: the chicken-egg question of jobs versus people, Journal of Urban Economics 53, 76-97.
89. PARTRIDGE M. D. and RICKMAN D. S. (2005) High-poverty counties in nonmetropolitan America: can economic development help?, International Regional Science Review 28, 415-440.
90. PARTRIDGE M. D. and RICKMAN D. S. (2006) Fluctuations in aggregate U.S. migration flows and regional labor market flexibility, Southern Economic Journal 72, 958-980.
91. PARTRIDGE M. D. and RICKMAN D. S. (2007) Canadian regional labour market evolutions: a long-run restrictions SVAR model, Applied Economics (forthcoming).
92. PARTRIDGE M. D., RICKMAN D. S., ALI K. and OLFERT M. R. (2007) Agglomeration spillovers and wage and housing cost gradients across the urban hierarchy. Unpublished manuscript (available at: http://www.bus.okstate.edu/ecls/rickman/Distance_Penalty.pdf).
93. PEREIRA A. and SHOVEN J. B. (1988) Survey of dynamic computational general equilibrium models for tax policy evaluation, Journal of Policy Modeling 10, 401-436.
94. PERRONI C. and RUTHERFORD T. F. (1995) Regular flexibility of nested CES functions, European Economic Review 39, 335-343.
95. PETCHEY J. D. and SHAPIRO P. (2002) State and tax and policy competition for mobile capital, Economic Record 78(241), 175-185.
96. QUIGLEY J. M. (2002) Rural policy and the new regional economics: implications for rural America, in The New Power of Regions: A Policy Focus for Rural America, pp. 1-21, Federal Reserve Bank of Kansas City, Kansas City, MO.
97. RICKMAN D. S. (1992) Estimating the impacts of regional business assistance programs: alternative closures in a regional model, Papers in Regional Science 71, 421-435.
98. RICKMAN D. S. (2002) A Bayesian forecasting approach to constructing regional input-output based employment multipliers, Papers in Regional Science 81, 483-498.
99. RICKMAN D. S. and SCHWER R. K. (1993) Regional definition in regional economic impact models: the case of the REMI model and Clark County, Nevada, Economic Systems Research 5, 419-432.
100. RICKMAN D. S. and TREYZ G. I. (1993) Alternative labor market closures in a regional model, Growth and Change 24, 32-50.
101. ROBACK J. (1982) Wages, rent, and the quality of life, Journal of Political Economy 90, 1257-1278.
102. ROBERTS D. (2003) The economic base of rural areas: a SAM-based analysis of the Western Isles, Environment and Planning A 35, 95-111.
103. ROSENTHAL S. S. and STRANGE W. C. (2001) The determinants of agglomeration, Journal of Urban Economics 50, 191-229.
104. RUTHERFORD T. F. and TARR D. G. (2003) Regional trading arrangements for Chile: do the results differ with a dynamic model?, Economie Internationale 94-95, 261-282.
105. SCHWARM W. and CUTLER H. (2003) Building small city and town SAMS and CGE models, Review of Urban and Regional Development Studies 15, 132-147.
106. SCHWARM W. and CUTLER H. (2005) Multiple labor groups and their effects on small city and town SAMs and CGE models, Review of Urban and Regional Development Studies 17, 162-176.
107. SEUNG C. K. and KRAYBILL D. S. (1999) Tax incentives in an economy with public goods, Growth and Change 30, 128-147.
108. SEUNG C. K. and KRAYBILL D. S. (2001) The effects of infrastructure investment: a two-sector dynamic computable general equilibrium analysis for Ohio, International Regional Science Review 24, 261-281.
109. SHOVEN J. B. and WHALLEY J. (1984) Applied general equilibrium models of taxation and international trade: an introduction and survey, Journal of Economic Literature 23, 1007-1051.
110. SHOVEN J. B. and WHALLEY J. (1992) Applying General Equilibrium. Cambridge University Press, New York, NY.
111. STIFEL D. C. and THORBECKE E. (2003) A dual-dual CGE model of an archetype African economy: trade reform, migration and poverty, Journal of Policy Modeling 25, 207-235.
112. TREYZ G. I., RICKMAN D. S., HUNT G. L. and GREENWOOD M. J. (1993) The dynamics of U.S. internal migration, Review of Economics and Statistics 75, 209-214.
113. TREYZ G. I., RICKMAN D. S. and SHAO G. (1992) The REMI Economic-Demographic Forecasting and Simulation Model, International Regional Science Review 14, 221-253.
114. VAN DIJK J. and OOSTERHAVEN J. (1986) Regional impacts of migrants' expenditures: an input-output/vacancy-chain approach, in BATEY P. W. J. and MADDEN M. (Eds) Integrated Analysis of Regional Systems, pp. 122-147, Papers in Regional Science No. 15. Pion, London.
115. WATERS E. C., WEBER B. A. and HOLLAND D. W. (1999) The role of agriculture in Oregon's economic base: findings from a social accounting matrix, Journal of Agricultural and Resource Economics 24, 266-280.
116. WENDNER R. (1999) A calibration procedure of dynamic CGE models for non-steady state situations using GEMPACK, Computational Economics 13, 265-287.
117. WEST G. R. (1995) Comparison of input-output {thorn} econometric and computable general equilibrium impact models at the regional level, Economic Systems Research 7, 209-227.
118. WHALLEY J and TRELA I. (1986) Regional Aspects of Confederation. University of Toronto Press, Toronto.
119. YANKOW J. J. (2003) Migration, job change, and wage growth: a new perspective on the pecuniary return to geographic mobility, Journal of Regional Science 43, 483-516.