Multi regional Dynamic General Equilibrium Modeling of the U S Economy

This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity.

Multi regional Dynamic General Equilibrium Modeling of the U S  Economy

This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity. The latter may include a top-down representation of county activity. Interest in USAGE-TERM is growing among government departments. It is a practical tool, which may enhance analysis of productivity growth and innovation, adverse events such as drought or civil disruption and the dynamic economic impacts of major projects.Economic analysts and policy makers care about regions. Some regions suffer growing pains, as supporting infrastructure and services struggle to cope with population growth. Soaring house prices and rentals may lower affordability for many. Other regions suffer ongoing decline due to structural change. Regional economic fluctuations are often far more dramatic than national fluctuations.

Multi regional Dynamic General Equilibrium Modeling of the U S Economy

John Madden Abstract Assessing the budgetary effects of regional economic shocks, whether the shocks are fiscal or more ... Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy, Advances in Applied General Equilibrium ...

Multi regional Dynamic General Equilibrium Modeling of the U S  Economy

This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity. The latter may include a top-down representation of county activity. Interest in USAGE-TERM is growing among government departments. It is a practical tool, which may enhance analysis of productivity growth and innovation, adverse events such as drought or civil disruption and the dynamic economic impacts of major projects.Economic analysts and policy makers care about regions. Some regions suffer growing pains, as supporting infrastructure and services struggle to cope with population growth. Soaring house prices and rentals may lower affordability for many. Other regions suffer ongoing decline due to structural change. Regional economic fluctuations are often far more dramatic than national fluctuations.

Economy Wide Modeling of Water at Regional and Global Scales

He has played a major role with Mark Horridge in developing databases for TERM versions in several countries. ... Economic Modeling of Water (2012) and Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy (2017), ...

Economy Wide Modeling of Water at Regional and Global Scales

This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

Advances in Spatial and Economic Modeling of Disaster Impacts

Garnaut R (2016) Economic analysis versus business rent seeking: the eclipse of analysis in Australia, Chapter 3. ... Springer, Tokyo Wittwer G (ed) (2017) Multi-regional dynamic general equilibrium modeling of the U.S. economy: ...

Advances in Spatial and Economic Modeling of Disaster Impacts

This book presents essential advances in analytical frameworks and tools for modeling the spatial and economic impacts of disasters. In the wake of natural disasters, such as Hurricane Katrina, the Haiti Earthquake, and the East Japan Earthquake and Tsunami, as well as major terrorist attacks, the book analyzes disaster impacts from various perspectives, including resilience, space-time extensions, and decision-making strategies, in order to better understand how and to what extent these events impact economies and societies around the world. The contributing authors are internationally recognized experts from various disciplines, such as economics, geography, planning, regional science, civil engineering, and risk management. Thanks to the insights they provide, the book will benefit not only researchers in these and related fields, but also graduate students, disaster management professionals, and other decision-makers.

Handbook of Computable General Equilibrium Modeling

This collection is particularly important because it presents a history of modeling applications and examines competing points of view.

Handbook of Computable General Equilibrium Modeling

Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy

Globalization and Regional Economic Modeling

Dixon PB, Parmenter BR, Sutton J, and Vincent DP (1982) ORANI: A multisectoral model of the Australian economy. ... Australian Economic Papers 39:33-55 Dixon PB, Rimmer MT (2002) Dynamic, General Equilibrium Modelling for Forecasting ...

Globalization and Regional Economic Modeling

Globalization affects regional economies in a broad spectrum of aspects, from labor market conditions and development policies to climate change. This volume, written by an international cast of eminent regional scientists, provides new tools for analyzing the enormous changes in regional economies due to globalization. It offers timely conceptual refinements for regional analysis.

Environmental Economics and Computable General Equilibrium Analysis

Elsevier, Amsterdam Burniaux J, Martin JP, Nicoletti G, Martins JO (1992) GREEN a multi-sector, multi-region general equilibrium model for quantifying the costs of curbing CO2 emissions: a technical manual. OECD Economics Department ...

Environmental Economics and Computable General Equilibrium Analysis

This book addresses major issues such as a growing world energy demand, environmental degradation due to anthropogenic greenhouse gas (GHG) emission, and risk management of disastrous events such as pandemics, abnormal climate, and earthquakes. Using cutting-edge analytical tools, particularly computable general equilibrium (CGE) modelling, the analyses are focused on a very wide range of policy-relevant economic questions for the Asia-Pacific region, especially for Japan, China, India, Vietnam, and smaller nations, including Brunei, Timor Leste, and Fiji. The first part considers (a) the effects of climate change on agriculture sectors, energy policies, and future GHG emission trends, (b) adaptation to climate changes in energy policy and its impacts on the economies, and (c) risk management of catastrophic events such as global pandemics. The second part examines (a) energy environmental issues, (b) economic impacts of natural disaster and depopulation, and (c) effects of informatics development on risk management, using CGE modelling and other methods in regional science fields. Contributors are internationally active leading CGE modellers and environmental economists. The book should be greatly beneficial for scholars and graduate students as well as policy makers who are interested in the economic effects and management of risks relating to climate change and disastrous events.

Understanding Risks and Uncertainties in Energy and Climate Policy

A recursive dynamic, multiregional CGE Bosello et al. (2010), Parrado and De (2009) model of the world economy, extension of Dian (2014) GTAP-E IGEM Goettle et al. A dynamic model of the US economy Goettle and Fawcett (2009) (2007) ...

Understanding Risks and Uncertainties in Energy and Climate Policy

This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.

Encyclopedia of Transportation

In recent years, equilibrium modeling has been expanded from static to dynamic models. ... Somwaru from the Economic Research Service at the U.S. Department of Agriculture developed an intertemporal general equilibrium model to evaluate ...

Encyclopedia of Transportation

Viewing transportation through the lens of current social, economic, and policy aspects, this four-volume reference work explores the topic of transportation across multiple disciplines within the social sciences and related areas, including geography, public policy, business, and economics. The book’s articles, all written by experts in the field, seek to answer such questions as: What has been the legacy, not just economically but politically and socially as well, of President Eisenhower’s modern interstate highway system in America? With that system and the infrastructure that supports it now in a state of decline and decay, what’s the best path for the future at a time of enormous fiscal constraints? Should California politicians plunge ahead with plans for a high-speed rail that every expert says—despite the allure—will go largely unused and will never pay back the massive investment while at this very moment potholes go unfilled all across the state? What path is best for emerging countries to keep pace with dramatic economic growth for their part? What are the social and financial costs of gridlock in our cities? Features: Approximately 675 signed articles authored by prominent scholars are arranged in A-to-Z fashion and conclude with Further Readings and cross references. A Chronology helps readers put individual events into historical context; a Reader’s Guide organizes entries by broad topical or thematic areas; a detailed index helps users quickly locate entries of most immediate interest; and a Resource Guide provides a list of journals, books, and associations and their websites. While articles were written to avoid jargon as much as possible, a Glossary provides quick definitions of technical terms. To ensure full, well-rounded coverage of the field, the General Editor with expertise in urban planning, public policy, and the environment worked alongside a Consulting Editor with a background in Civil Engineering. The index, Reader’s Guide, and cross references combine for thorough search-and-browse capabilities in the electronic edition. Available in both print and electronic formats, Encyclopedia of Transportation is an ideal reference for libraries and those who want to explore the issues that surround transportation in the United States and around the world.

Action Against Climate Change The Kyoto Protocol and Beyond

G-Cubed: a multi-region, multi-sector intertemporal general equilibrium model initially developed by W. McKibbin and ... GTEM (Global Trade and Environment Model): dynamic general equilibrium model of the world economy developed by the ...

Action Against Climate Change The Kyoto Protocol and Beyond

This publication presents analysis on various questions concerning the climate change debate.

Sectoral Regional and General Equilibrium Models

and microeconomic simulation model, 156157, 158 n11, 163-166 Multi-Regional Input-Output Model, see MRIO model N ... Housing Model P Paasche measures, and general equilibrium model, 119, 123 Panel Study of Income Dynamics (PSID), 138, ...

Sectoral  Regional  and General Equilibrium Models

Microeconomic Simulation Models for Public Policy Analysis, Volume 2: Sectoral, Regional, and General Equilibrium Models is a collection of papers presented at a conference of the same title held in Washington, D.C. in March 1978. This volume deals with economic equilibrium models. This collection also discusses micro data models of the macroeconomy that include policy explorations concerning the transaction model of the American economy. One paper reviews the experiments with fiscal policy parameters from a micro to a macro model related to the Swedish economy: this model analyzes inflation at the micro market level, as well as the interactions between profits, investments, inflation, and growth. Another paper analyzes alternative plans for corporate and income tax integration in the United States: the model used shows that integration of personal and corporate income taxes can yield revenues of $6 billion. As regards rehabilitating central city housing issues, one author present a simulation model which shows that rehabilitation of the existing housing inventory can only produce small net gains over time. To have larger gains, the model shows that net increase in demand for housing should also follow. This book can prove useful for economists, sociologists and officials involved in community development and in the public sector.

Input Output Analysis

“An Econometric Approach to General Equilibrium Analysis,” in M. Hazewinkel and A. H. G. Rinnoy Kan (eds.) ... “Multi-Model, Multi-Output, Multiregional Variable Input-Output Model,” Regional Science and Urban Economics, 14, 265-281.

Input Output Analysis

The long-awaited second edition of a classic textbook on input-output analysis.

Regulatory Policy in Perspective A Reader s Companion to the OECD Regulatory Policy Outlook 2015

broader distributional effects of a reform across the economy. ... a recursively dynamic general equilibrium model for the world economy, developed for the analysis of long-term issues in ... The Monash Multi-Regional Forecasting ...

Regulatory Policy in Perspective A Reader s Companion to the OECD Regulatory Policy Outlook 2015

This volume collects expert papers on: the trends and challenges of regulatory policy today; regulatory impact assessment; stakeholder engagement; and ex-post evaluation. These papers provide background material for the 2015 edition of the OECD Regulatory Policy Outlook.

Recent Developments in Transport Modelling

American Economic Review, 45, 803-832. Paniccia, R., & Casini Benvenuti, S. (2002). A multiregional input-output model for Italy: Methodology and first results. ... Input-output economics and computable general equilibrium models.

Recent Developments in Transport Modelling

This book is intended for transportation professionals interested in the role of Information and Communications Technologies (ICTs), and freight transport modeling and policy. It is dedicated to the memory of Professor Marvin L. Manheim, the father of modern Transportation Systems Analysis (TSA), who founded the World Conference on Transport Research Society, and is considered the foremost visionary of ICTs, transportation, and logistics. The book is divided into three main parts. The first part is about Professor Marvin L. Manheim and his path breaking contributions to transportation. The main chapter, written by him, is based on the keynote presentation he delivered at the opening session of the 1998 World Conference on Transport Research in Antwerp. It presents his vision for the role of ICTs in transport; a vision that was revolutionary in 1998 and is still valid and relevant today. The first part also includes an overview written by his widow and collaborator, Mary-Beth Manheim, describing his scientific contributions. The remainder of the book, parts two and three, is about freight transport modeling and policy, and presents an application of Manheim's TSA paradigm. More specifically, the second part presents the recent advances in freight modeling. The chapters begin with a model of the linkages between freight and the macro-economic environment, and end with models of the detailed aspects of logistics choices such as mode of transport, transshipments, and shipment size. Topics covered in part two also include predictions of production to consumption freight flows through the use of multi regional input-output models, choice analysis using freight market research surveys, and estimation of value of quality attributes and va

Economic Modeling of Water

This volume examines economic CGE (computable general equilibrium) modeling that, while applicable to a wide array of policy issues, has in practice been deployed largely in assessing water supply and management.

Economic Modeling of Water

The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.

Regional Economic Impacts of Terrorist Attacks Natural Disasters and Metropolitan Policies

Scarf (1967) developed an algorithm to calculate general equilibrium for a Walrasian system of competitive market ... and the Harberger-Scarf-ShovenWhalley tradition, Jorgensen (1984) developed a fully dynamic model for the US economy.

Regional Economic Impacts of Terrorist Attacks  Natural Disasters and Metropolitan Policies

This book presents a multiregional input-output model for the metropolitan area of Southern California, which helps to estimate the economic impact of simulated terrorist attacks on seaports, malls etc. as well as of natural disasters such as earthquakes and tsunamis. The authors also analyze the economic and social effects of metropolitan policies such as growth controls, neighborhood gentrification or road-congestion charges. The model presented in the book has evolved over a period of 25 years and requires a very substantial computer capacity.

Link Proceedings 1991 1992

Effect after year 0 1 2 3 4 10 GDP volume +1.29 +1.25 +1.26 +1.27 +1.31 +1.62 Consumer prices +0.90 +0.95 +1.04 +1.14 ... Bumiaux, J.-M. et al., 1991, "GREEN — A multi-regional dynamic general equilibrium model for identifying the costs ...

Link Proceedings 1991  1992

This book covers two years of research activities associated with Project LINK, which is based on a model of the world economy, covering 79 countries or regional groupings of countries. Papers dealing with interesting thematic issues were carefully selected and expanded into full articles. The subjects studied by various LINK participants for reporting at annual meetings include exchange rate systems, international investment, environmental protection, international economic institutions, LINK system improvements, and international economic policy. As always, there are contributions dealing with methodological advances for world modeling. Contents:European Issues:The Implications of a Single European Currency and Monetary Policy: Prospects and Policy Issues (N C Garganas)The Degree of Convergence Within the EMS (S G Hall et al.)Is the Bundesbank Different from Other Central Banks? (M Funke & S G Hall)Testing for Purchasing Power Parity and Interest Rate Parities on Norwegian Data (A S Jore et al.)Large Econometric Models for the Period of Transition (The Polish Case) (W Welfe)Environmental Issues:International Aspects of Carbon Taxation (R K Kaufmann & P Pauly)Long-Term Impacts of Carbon Taxes on Global Environment and Growth (S Shishido)Macroeconomic Impacts of CO2 Reduction Policies (H Glueck & S P Schleicher)Development Economics:Industrial Policy in Korea: Past Experiences and Future Directions (O-S Hyun)The Pursuit of New Economic Diplomacy: Economic Cooperation Between Korea and Russia (O-S Hyun)South–North Investment by Developing Countries in the EC: A Sign of the Emergence of New Investors (S Page)Economic Cooperation in Asia: NIEs and ASEAN (M Toida)Statistical and Econometric Methodology:The Treatment of Expectations Effects in Large Scale Models (S G Hall & A Garratt)Some Comments and Proposals on the Statistical Infrastructure and Regional Information System for the Black Sea Economic Cooperation (BSEC) Countries (O Güvenen)A Monthly Econometric Model for Turkey, January 1981 – June 1991 (S Özmucur)SAM-Based Short-Term Forecasting Model for a Small Developing Oil Economy: The Congo (J K Thisen)Pricing to Market: Exploring New Export Price Equations for the LINK Model (B Gangnes et al.) Readership: Economists, bankers and economic policy makers. keywords:

Handbook of Research Methods and Applications in Economic Geography

(2013). forward looking dynamics in spatial cge modelling. Economic Modelling, 31: 389–400. bröcker, J., ... How does economic development in eastern europe affect austria's regions? a multiregional general equilibrium framework.

Handbook of Research Methods and Applications in Economic Geography

The main purpose of this Handbook is to provide overviews and assessments of the state-of-the-art regarding research methods, approaches and applications central to economic geography. The chapters are written by distinguished researchers from a variet

Monetary and Currency Policy Management in Asia

The slower growth of aggregate demand in the US and European economies will pose significant challenges for Asian ... We use a multi-region, intertemporal dynamic general equilibrium model of the world economy to simulate different ...

Monetary and Currency Policy Management in Asia

Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.

Handbook of Research Methods in Tourism

gross domestic income over GDP as an indicator of welfare in the presence of changes to the terms of trade. ... Multi-Regional Forecasting Model: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, ...

Handbook of Research Methods in Tourism

'This is an excellent book which significantly contributes to tourism research and education. It takes a rigorous yet readable style to address twenty five of the most pertinent quantitative and qualitative techniques applied in tourism research. the book will appeal to a wider readership of social scientists as well as to scholars of tourism as each chapter provides a thorough overview and explanation of the techniques irrespective of their tourism application.' – Dimitrios Buhalis, Bournemouth University, UK This insightful book explores the most important established and emerging qualitative and quantitative research methods in tourism. the authors provide a detailed overview of the nature of the research method, its use in tourism, the advantages and limitations, and future directions for research. Each chapter is structured to provide information on: the nature of the technique and its evolution; background and types of problems that the technique is designed to handle; applications of the technique to tourism, including discussion of studies that have used the technique and their findings; advantages and limitations of the technique conceptually and for policy formulation; and further developments and applications of the technique in tourism research. Handbook of Research Methods in Tourism will appeal to social scientists, students as well as researchers in tourism who use quantitative and qualitative research techniques.