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What happens when exports expand: some ideas for closure of regional computable general equilibrium models

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  • David Holland

Abstract

While there is general agreement on various features of “standard” regional computable general equilibrium (RCGE) models, there has been little discussion of representative macro behavioral assumptions and model closure. The purpose of this paper is to review the main differences between regional and national CGE models regarding factor market, government and saving behavior and to suggest a standard closure for representative regional CGE models. Copyright Springer-Verlag 2010

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  • David Holland, 2010. "What happens when exports expand: some ideas for closure of regional computable general equilibrium models," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 45(2), pages 439-451, October.
    • Handle: RePEc:spr:anresc:v:45:y:2010:i:2:p:439-451
    DOI: 10.1007/s00168-009-0311-x
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    9. Devadoss, Stephen & Holland, David W. & Stodick, Leroy & Ghosh, Joydeep, 2006. "A General Equilibrium Analysis of Foreign and Domestic Demand Shocks Arising from Mad Cow Disease in the United States," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(2), pages 1-13, August.
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    Cited by:

    1. Hussain, Anwar & Munn, Ian A. & Holland, David W. & Armstrong, James & Spurlock, Stanley R., 2012. "Economic Impact of Wildlife-Associated Recreation Expenditures in the Southeast United States: A General Equilibrium Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(1), pages 1-20, February.
    2. Yizhou Zhang & Geoffrey J.D. Hewings, 2019. "Fiscal Decentralization – A Cautious Tale," Regional Science Policy & Practice, Wiley Blackwell, vol. 11(1), pages 173-187, March.
    3. Sébastien Mary & Euan Phimister & Deborah Roberts & Fabien Santini, 2013. "Testing the sensitivity of CGE results: A Monte Carlo Filtering approach to an application to rural development policies in Aberdeenshire," JRC Research Reports JRC85290, Joint Research Centre.
    4. Watson, Philip S. & Castelin, Kimberly & Salant, Priscilla & Wulfhorst, J.D., 2012. "Estimating the Impacts of a Reduction in the Foreign-born Labor Supply on a State Economy: A Nested CGE Analysis of the Idaho Economy," The Review of Regional Studies, Southern Regional Science Association, vol. 42(1), pages 51-74, Spring.
    5. Lei Zhang & Henry Kinnucan & Jing Gao, 2016. "The Economic Contribution of Alabama’s Automotive Industry to Its Regional Economy," Economic Development Quarterly, , vol. 30(4), pages 295-315, November.

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    Keywords

    R13;

    JEL classification:

    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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