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What happens when exports expand: some ideas for closure of regional computable general equilibrium models

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  • David Holland

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    Abstract

    While there is general agreement on various features of “standard” regional computable general equilibrium (RCGE) models, there has been little discussion of representative macro behavioral assumptions and model closure. The purpose of this paper is to review the main differences between regional and national CGE models regarding factor market, government and saving behavior and to suggest a standard closure for representative regional CGE models. Copyright Springer-Verlag 2010

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    Bibliographic Info

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

    Volume (Year): 45 (2010)
    Issue (Month): 2 (October)
    Pages: 439-451

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    Handle: RePEc:spr:anresc:v:45:y:2010:i:2:p:439-451

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    Keywords: R13;

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    1. Maureen Kilkenny & Mark D. Partridge, 2009. "Export Sectors and Rural Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 910-929.
    2. Mark D. Partridge & Dan S. Rickman, 1998. "Regional Computable General Equilibrium Modeling: A Survey and Critical Appraisal," International Regional Science Review, , vol. 21(3), pages 205-248, December.
    3. Dan S. Rickman & Mark C. Snead, 2007. "A Regional Comparative Static CGE Analysis of Subsidized Child Care," Growth and Change, Gatton College of Business and Economics, University of Kentucky, vol. 38(1), pages 111-139.
    4. Roxana Julia-Wise & Stephen C. Cooke & RDavid Holland, 2002. "A Computable General Equilibrium Analysis of a Property Tax Limitation Initiative in Idaho," Land Economics, University of Wisconsin Press, vol. 78(2), pages 207-227.
    5. Devadoss, Stephen & Holland, David W. & Stodick, Leroy & Ghosh, Joydeep, 2006. "A General Equilibrium Analysis of Foreign and Domestic Demand Shocks Arising from Mad Cow Disease in the United States," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(02), August.
    6. Benjamin, Nancy C. & Devarajan, Shantayanan & Weiner, Robert J., 1989. "The Dutch disease in a developing country : Oil reserves in Cameroon," Journal of Development Economics, Elsevier, vol. 30(1), pages 71-92, January.
    7. Robinson, Sherman, 1989. "Multisectoral models," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 18, pages 885-947 Elsevier.
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    Cited by:
    1. Sébastien Mary & Euan Phimister & Deborah Roberts & Fabien Santini, 2013. "Testing the sensitivity of CGE results: A Monte Carlo Filtering approach to an application to rural development policies in Aberdeenshire," JRC-IPTS Working Papers JRC85290, Institute for Prospective and Technological Studies, Joint Research Centre.

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