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Economic Appraisal for Multiregional Impacts by a Large-scale Expressway Project

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Author Info
Toshihiko Miyagi () (Gifu University, Japan)
Abstract

The paper describes the development of a spatial computable general equilibrium (SCGE) model aimed at estimating the indirect economic effects arising from a large scale of transport project (Tokai-Hokuriku Expressway) in the Chubu (meaning central) region in Japan. We have adopted a joint parameter estimation of calibration technique, statistical estimation and literature quotation for estimating the Japanese inter-regional account consisting of nine major regions with the national account being the benchmark equilibrium data. We have obtained highly compatible estimates with the surveyed interregional accounts in the application of the SCGE model. Modal split function in freight transport is also developed which can be important factor in the evaluation of economic effects in transport projects. The paper reports that economic effects of the project extended over whole country through the so-called multiplier effects of the economy, which could not be measured by the traditional method.

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Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 01-066/3.

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Date of creation: 09 Jul 2001
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Handle: RePEc:dgr:uvatin:20010066

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