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Computable General Equilibrium Modeling for Regional Factor Demand: Policy Impacts and Factor Mobility in Economic Development

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  • Gbolahan S Osho

Abstract

The choice among various politically feasible policies requires the analysis of each policy's general economic and social impacts and analyzing how different these impacts are on other system components. The Regional Computable General Equilibrium model is the most appropriate tool to analyze the effects of alternative policies for rural development on the socioeconomic structure of a social accounting matrix for a multimarket model. Assumption enables a small number of parameters the model requires and a calibration procedure to replicate a base year. One of the shortcomings of this assumption is that the CGE results are only good for relative comparison of alternative policies but not for forecasting. Third, such resources as labor and capital are mobile from sector to sector and region.

Suggested Citation

  • Gbolahan S Osho, 2025. "Computable General Equilibrium Modeling for Regional Factor Demand: Policy Impacts and Factor Mobility in Economic Development," International Journal of Regional Development, Macrothink Institute, vol. 12(1), pages 1-23, December.
    • Handle: RePEc:mth:ijrd88:v:12:y:2025:i:1:p:23
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    References listed on IDEAS

    as
    1. Schreiner, Dean F. & Lee, Han-Sung & Koh, Young-Kon & Budiyanti, Rini, 1996. "Rural Development: Toward an Integrative Policy Framework," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 26(2), pages 1-20.
    2. Haoran Pan & Pierre Failler & Qianyi Du & Christos Floros & Loretta Malvarosa & Emmanuel Chassot & Vincenzo Placenti, 2022. "An Inter-Temporal Computable General Equilibrium Model for Fisheries," Sustainability, MDPI, vol. 14(11), pages 1-23, May.
    3. Anthony M. Rodriguez & Solomon Osho & Lalita Sen, 2017. "An Econometric Planning Model of Urban Forestry as a Measure of Sustainability: A Matrix of Action and Change," International Journal of Sustainable Development & World Policy, Conscientia Beam, vol. 6(1), pages 9-32.
    4. Anthony M Rodriguez & G Solomon Osho & Lalita Sen, 2017. "An Econometric Planning Model of Urban Forestry as a Measure of Sustainability: A Matrix of Action and Change," International Journal of Sustainable Development & World Policy, Conscientia Beam, vol. 6(1), pages 9-32.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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