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Regional economic modelling: evaluating existing methods and models for constructing an Irish prototype

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Author Info
Ahmed, Vaqar

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Abstract

This paper provides an overview of competing and supplementing methodologies for modelling the regional economic dynamics. The discussion provides a primer on how regional CGE, Econometric, Input-Output and SAM based models work towards capturing the region-specific, interregional and multiregional production, consumption and factor market patterns. An analysis of virtues and limitations of these alternate methodologies suggests that it may be the considerations such as the data collection/compilation, expected output, research objectives and costs involved that may determine the choice of modelling framework. Several existing regional models constructed for other countries and their characteristics are summarized along with the specific discussion on regional economic impact analysis in Ireland and how one could move towards constructing an Irish prototype.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 7650.

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Date of creation: 09 Jan 2006
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Handle: RePEc:pra:mprapa:7650

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Related research
Keywords: Input Output; Social Accounting Matrix; Computable General Equilibrium (CGE) Model;

Find related papers by JEL classification:
D5 - Microeconomics - - General Equilibrium and Disequilibrium
C0 - Mathematical and Quantitative Methods - - General

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Adams, F Gerard & Brooking, Carl G & Glickman, Norman J, 1975. "On the Specification and Simulation of a Regional Econometric Model: A Model of Mississippi," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 286-98, August. [Downloadable!] (restricted)
  2. James Giesecke & John R. Madden, 2003. "Regional Labour Market Adjustment to Competition Policy Reforms: A Dynamic CGE Framework for Assessment," Australian Journal of Labour Economics (AJLE), The Centre for Labour Market Research (CLMR), Curtin Business School, vol. 6(3), pages 409-433, September.
  3. James Giesecke, 2003. "Targeting Regional Output with State Government Fiscal Instruments: a Dynamic Multi-regional CGE Analysis," Australian Economic Papers, Blackwell Publishing, vol. 42(2), pages 214-233, 06. [Downloadable!] (restricted)
  4. Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March. [Downloadable!] (restricted)
  5. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December. [Downloadable!] (restricted)
  6. Mark Horridge, 2000. "ORANI-G: A General Equilibrium Model of the Australian Economy," Centre of Policy Studies/IMPACT Centre Working Papers op-93, Monash University, Centre of Policy Studies/IMPACT Centre. [Downloadable!]
  7. Maurizio Bussolo & Mohamed Chemingui & David O’Connor, 2003. "A Multi-Region Social Accounting Matrix (1995) and Regional Environmental General Equilibrium Model for India (REGEMI)," OECD Development Centre Working Papers 213, OECD, Development Centre. [Downloadable!]
  8. Bradley, John & Fanning, Connell, 1984. "Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis," Research Series, Economic and Social Research Institute (ESRI), number GRS115.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Manuel Alejandro Cardenete Flores, 2006. "Federalismo fiscal a partir de un modelo de equilibrio general aplicado: Andalucía VS. España," Economic Working Papers at Centro de Estudios Andaluces E2006/22, Centro de Estudios Andaluces. [Downloadable!]
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