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A Top-down Framework for Regional Historical Analysis

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  • James Giesecke

Abstract

Abstract Bottom-up regional computable general equilibrium (CGE) models have clear theoretical advantages over their top-down counterparts. However bottom-up models are data intensive. Hence they face practical difficulties in applications requiring high levels of regional and sectoral disaggregation, such as explaining regional economic outcomes, and regional forecasting and policy analysis. This paper develops a top-down framework for explaining recent economic history for many regions. This requires estimation of variables describing regional structural change. These variables have a further use in generating plausible regional forecasts. Such forecasts are a prerequisite for convincing regional policy analysis.

Suggested Citation

  • James Giesecke, 2008. "A Top-down Framework for Regional Historical Analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 3(1), pages 45-87.
    • Handle: RePEc:taf:specan:v:3:y:2008:i:1:p:45-87
    DOI: 10.1080/17421770701774930
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    Cited by:

    1. Naranpanawa, Athula & Arora, Rashmi, 2014. "Does Trade Liberalization Promote Regional Disparities? Evidence from a Multiregional CGE Model of India," World Development, Elsevier, vol. 64(C), pages 339-349.
    2. Jonathan Corcoran & Alan T. Murray & Robert J. Stimson, 2011. "Spatially Disaggregating Employment Growth Estimates," International Regional Science Review, , vol. 34(2), pages 138-156, April.
    3. James A. Giesecke & John R. Madden, 2013. "Evidence-based regional economic policy analysis: the role of CGE modelling," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(2), pages 285-301.
    4. Glyn Wittwer & Mark Horridge, 2010. "Bringing Regional Detail to a CGE Model using Census Data," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(2), pages 229-255.
    5. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 379-475, Elsevier.
    6. Naranpanawa, Athula & Arora, Rashmi, 2012. "Trade Liberalisation and Regional Disparities: Evidence from a Multi-Regional General Equilibrium Model of India," Conference papers 332270, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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    More about this item

    Keywords

    Regional general equilibrium; regional forecasting; top-down model; D58; R11; R13;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • 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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