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Input–Output and General Equilibrium Models for Hull and Humber Region in England

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  • Keshab Bhattarai

Abstract

This paper shows how one can construct an input output table for four Humber sub regions in England with information on levels and share of employment and output provided by the Humber Forum using coefficients from the national input–output table of UK. It then illustrates how these can be applied to construct multisectoral general equilibrium models specific to Hull, East Riding, North Lincolnshire and North East Lincolnshire regions situated in two sides of Humber estuary and a regional model that takes these four inter-dependent economies constituting the Humber economy. A dynamic model is constructed for Hull to assess the prospects in next hundred years based on micro consistent dataset in which households and firms are assumed to have perfect foresight in making their consumption and production decisions. These models are then applied to evaluate impacts of tax policies that can distort relative prices of commodities and factors of production and thus can distort the efficient allocation of scarce economic resources and on welfare of households in the Humber region. To my knowledge this is the first study of this type for this region. Copyright International Atlantic Economic Society 2007

Suggested Citation

  • Keshab Bhattarai, 2007. "Input–Output and General Equilibrium Models for Hull and Humber Region in England," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(4), pages 473-490, December.
    • Handle: RePEc:kap:atlecj:v:35:y:2007:i:4:p:473-490
    DOI: 10.1007/s11293-007-9081-y
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    2. Whitten, Carolyn L, 1984. "Agricultural Statistics, of the People's Republic of China, 1949-82," Statistical Bulletin 154547, United States Department of Agriculture, Economic Research Service.
    3. Bhattarai, Keshab, 2010. "Why Fuel Poverty?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 115-123, September.

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    More about this item

    Keywords

    Hull and Humber; Input output model; General equilibrium; Growth; Efficiency; Welfare; Tax policy; Regional model; C67; C68; O15; R13;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • 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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