Economic integration: less data, more room for regional modelling?
AbstractOne of the major constrains of modelling economic integration at regional level is the availability of economic data. Whereas national accounts and international trade data are largely based on actual observations, regional data are generated by a variety of methods using relatively few real data points. The present paper reviews alternative methods to do so. We illustrate their empirical implementation by the experience of building a prototype for the regional economic model (Rhomolo) that is being developed for the European Commission. We show that linking Rhomolo to the datasets of models such as Transtools and E3ME greatly enhances the operability of the model, leaving open the question of how much real regional content is reflected in the simulations.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p500.
Date of creation: Sep 2011
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- Andries Brandsma & Olga Ivanova & d'Artis Kancs, 2013. "Economic integration: Less data, more room for regional modelling?," EERI Research Paper Series EERI RP 2013/09, Economics and Econometrics Research Institute (EERI), Brussels.
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O - Economic Development, Technological Change, and Growth
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- Ackerman Maarten & Charlotte du Toit, 2001. "A supply side approach for estimating a Neo-classical fixed investment model for the South African economy," EERI Research Paper Series EERI_RP_2001_05, Economics and Econometrics Research Institute (EERI), Brussels.
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