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A Transportation-Oriented Interregional Computable General Equilibrium Model of the United States

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  • Buckley, Patrick H
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    Abstract

    Interregional computable general equilibrium (ICGE) models are useful new tools for investigating questions of spatial equity and efficiency, especially if they consider the explicit costs of movement across space. In this paper, we outline a three-region, five-sector operational ICGE model of the United States which has been calibrated from a 51 region, 124 sector public data base. This model explicitly includes transportation and wholesaling services and the costs of moving products based on origin-destination pairs. Through the use of a counter-factual scenario, the ICGE's explicit specification is compared with a well known implicit method--to observe how the predicted regional production pattern is affected. The proposed.explicit method is seen to provide a more focused description of the spatial economic impacts that result from changes in the production of transportation services.

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    Bibliographic Info

    Article provided by Springer in its journal Annals of Regional Science.

    Volume (Year): 26 (1992)
    Issue (Month): 4 (November)
    Pages: 331-48

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    Handle: RePEc:spr:anresc:v:26:y:1992:i:4:p:331-48

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    Cited by:
    1. Glen Weisbrod, 2008. "Models to predict the economic development impact of transportation projects: historical experience and new applications," The Annals of Regional Science, Springer, vol. 42(3), pages 519-543, September.
    2. Plassmann, Florenz, 2005. "The advantage of avoiding the Armington assumption in multi-region models," Regional Science and Urban Economics, Elsevier, vol. 35(6), pages 777-794, November.
    3. Eduardo Haddad & Geoffrey J.D. Hewings, 1998. "Transportation costs, regional inequality and structural changes in the Brazilian economy: An interregional CGE approach," ERSA conference papers ersa98p426, European Regional Science Association.
    4. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
    5. Lofgren, Hans & Robinson, Sheman, 2002. "Spatial-network, general-equilibrium model with a stylized application," Regional Science and Urban Economics, Elsevier, vol. 32(5), pages 651-671, September.
    6. World Bank, 2008. "Brazil : Evaluating the Macroeconomic and Distributional Impacts of Lowering Transportation Costs," World Bank Other Operational Studies 8083, The World Bank.

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