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Modern Macroeconomics And Regional Economic Modeling

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  • Dan S. Rickman

Abstract

ABSTRACT Despite a history of regional economic models being patterned after their national counterparts, modern macroeconomic methodology has yet to be fully embraced by regional scientists. In this paper, I argue that modern macroeconomic methodology has much to offer the field of regional economic modeling. For one, the empirical strategies used in implementing dynamic stochastic general equilibrium models provide insights into how regional computable general equilibrium models could be better parameterized and empirically verified. In addition, the structural macroeconomic approach more generally could be used to construct structural regional policy analysis models for use as alternatives to traditional regional models.

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  • Dan S. Rickman, 2010. "Modern Macroeconomics And Regional Economic Modeling," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 23-41, February.
  • Handle: RePEc:bla:jregsc:v:50:y:2010:i:1:p:23-41
    DOI: 10.1111/j.1467-9787.2009.00647.x
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    5. Breidenbach, Philipp & Mitze, Timo & Schmidt, Christoph M, 2016. "EU Structural Funds and Regional Income Convergence - A Sobering Experience," CEPR Discussion Papers 11210, C.E.P.R. Discussion Papers.
    6. Gerke J. Hoogstra & Jouke van Dijk & Raymond J. G. M. Florax, 2017. "Do jobs follow people or people follow jobs? A meta-analysis of Carlino–Mills studies," Spatial Economic Analysis, Taylor & Francis Journals, vol. 12(4), pages 357-378, October.
    7. Gronau, Steven & Winter, Etti, 2018. "Social Accounting Matrix: A user manual for village economies," Hannover Economic Papers (HEP) dp-636, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    8. Jens Abildtrup & Virginie Piguet & Bertrand Schmitt, 2011. "The impact of agro-food industry on employment and population changes: The case of Denmark and France'," ERSA conference papers ersa10p1622, European Regional Science Association.
    9. Mitze, Timo & Stephan, Andreas, 2013. "Simultaneous-equations Analysis in Regional Science and Economic Geography," Working Paper Series in Economics and Institutions of Innovation 309, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
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    11. Yeo, Yeongjun & Lee, Jeong-Dong, 2020. "Revitalizing the race between technology and education: Investigating the growth strategy for the knowledge-based economy based on a CGE analysis," Technology in Society, Elsevier, vol. 62(C).
    12. M. Rose Olfert & Mark D. Partridge, 2010. "Best Practices in Twenty‐First‐Century Rural Development and Policy," Growth and Change, Wiley Blackwell, vol. 41(2), pages 147-164, June.
    13. Hongbo Wang & Dan Rickman, 2018. "Regional growth differences in China for 1995–2013: an empirical integrative analysis of their sources," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(1), pages 99-117, January.
    14. Philipp Breidenbach & Timo Mitze & Christoph Schmidt, 2011. "Evaluating EU Regional Policy: Many Empirical Specifications, One (Unpleasant) Result," ERSA conference papers ersa11p1144, European Regional Science Association.
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