IDEAS home Printed from https://ideas.repec.org/a/taf/ecsysr/v21y2009i4p377-397.html
   My bibliography  Save this article

An Application Of An Integrated Transport Network - Multiregional Cge Model To The Calibration Of Synergy Effects Of Highway Investments

Author

Listed:
  • Euijune Kim
  • Geoffrey Hewings

Abstract

A transportation network-multiregional CGE model is applied to estimate the synergy effects of a set of highway projects on value added by region and industrial sector. This synergy effect is defined as a difference between the summation of the net GDP increase from the development of each highway sub-link without spatial linkage and the change in GDP resulting from the concurrent development of all links with spatial linkages. Among nine east-west highways in Korea, the East-West 9 highway increases the GDP by 0.3% over the 30-year time period horizon, with 0.016% of the GDP due to the synergy effect. The East-West 9 highway has the largest synergy effect of US$0.164 billion per year on the manufacturing sector of Kwangju Metropolitan Area, resulting in a gain in a regional GRP per capita of US$15.88 per year. Since most synergy effects are generated in less developed regions, highway development can contribute to the reduction in regional disparities.

Suggested Citation

  • Euijune Kim & Geoffrey Hewings, 2009. "An Application Of An Integrated Transport Network - Multiregional Cge Model To The Calibration Of Synergy Effects Of Highway Investments," Economic Systems Research, Taylor & Francis Journals, vol. 21(4), pages 377-397.
    • Handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:377-397
    DOI: 10.1080/09535310903444758
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09535310903444758
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09535310903444758?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ashkan Masouman & Charles Harvie, 2020. "Forecasting, impact analysis and uncertainty propagation in regional integrated models: A case study of Australia," Environment and Planning B, , vol. 47(1), pages 65-83, January.
    2. Korrakot Phomsoda & Nattapong Puttanapong & Mongkut Piantanakulchai, 2021. "Assessing Economic Impacts of Thailand’s Fiscal Reallocation between Biofuel Subsidy and Transportation Investment: Application of Recursive Dynamic General Equilibrium Model," Energies, MDPI, vol. 14(14), pages 1-32, July.
    3. Diana N. Elshahawany & Eduardo A. Haddd, Michael L. Lahr, 2015. "The Potential Economic Impacts of the Proposed Development Corridor in Egypt: An Interregional CGE Approach," Working Papers, Department of Economics 2015_42, University of São Paulo (FEA-USP).
    4. Euijune Kim & Hyewon Shin, 2014. "Impact Analysis of Economic Linkages of South Korea with North Korea Using a CGE Model," ERSA conference papers ersa14p1512, European Regional Science Association.
    5. Euijune Kim & Dongyeong Jin & Hojune Lee & Min Jiang, 2023. "The economic damage of COVID-19 on regional economies: an application of a spatial computable general equilibrium model to South Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(1), pages 243-268, August.
    6. Dina N. Elshahawany & Eduardo A. Haddad & Michael L. Lahr, 2017. "Accessibility, transportation cost, and regional growth: a case study for Egypt," Middle East Development Journal, Taylor & Francis Journals, vol. 9(2), pages 256-277, July.
    7. Euijune Kim & Seung‐Woon Moon & Yoojin Yi, 2021. "Analyzing spillover effects of development of Asian highway on regional growth of Northeast Asian countries," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1243-1266, August.
    8. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 379-475, Elsevier.
    9. Yi, Yoojin & Kim, Euijune, 2018. "Spatial economic impact of road and railroad accessibility on manufacturing output: Inter-modal relationship between road and railroad," Journal of Transport Geography, Elsevier, vol. 66(C), pages 144-153.
    10. Euijune Kim & Geoffrey J.D. Hewings & Hidayat Amir, 2015. "Project Evaluation of Transportation Projects: an Application of Financial Computable General Equilibrium Model," ERSA conference papers ersa15p453, European Regional Science Association.
    11. Kim, Euijune & Hewings, Geoffrey J.D. & Amir, Hidayat, 2017. "Economic evaluation of transportation projects: An application of Financial Computable General Equilibrium model," Research in Transportation Economics, Elsevier, vol. 61(C), pages 44-55.
    12. Piskin, Metin & Hewings, Geoffrey J.D. & Hannum, Christopher M., 2020. "Synergy effects of highway investments on the Turkish economy: An application of an integrated transport network with a multiregional CGE model," Transport Policy, Elsevier, vol. 95(C), pages 78-92.
    13. Euijune Kim & Seung-Woon Moon & Shigemi Kagawa, 2019. "Spatial economic linkages of economic growth and air pollution: developing an air pollution-multinational CGE model of China, Japan, and Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 63(2), pages 255-268, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecsysr:v:21:y:2009:i:4:p:377-397. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CESR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.