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Applications of Random-Utility-based Multi-region Input-Output Models of Transport and the Spatial Economy

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  • Chris Bachmann
  • Chris Kennedy
  • Matthew J. Roorda

Abstract

An introduction to random-utility-based multiregional input-output models used for the purpose of spatial economic and transport interaction modelling is provided. The main methodological developments and important results of a dozen applications from the years 1996-2013 are described. This is followed by an outlook of potential future directions. Further research is mainly needed in five areas: (a) overall validation of the method, perhaps through back-casting applications on infrastructure plans with observed trade impacts; (b) extensions of trade coefficient models to add realism and improve accuracy; (c) the use of multi-scale modelling to capture interdependencies between geographical scales and to improve the representation of exports and imports; (d) improvements in the representation of price effects, as well as innovation and technological progress, by way of variable technical coefficients; and (e) a deeper investigation of the algorithm used to include elastic selling prices.

Suggested Citation

  • Chris Bachmann & Chris Kennedy & Matthew J. Roorda, 2014. "Applications of Random-Utility-based Multi-region Input-Output Models of Transport and the Spatial Economy," Transport Reviews, Taylor & Francis Journals, vol. 34(4), pages 418-440, July.
    • Handle: RePEc:taf:transr:v:34:y:2014:i:4:p:418-440
    DOI: 10.1080/01441647.2014.907369
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    Cited by:

    1. Tomoki Ishikura & Fuga Yokoyama, 2022. "Regional economic effects of the Ring Road project in the Greater Tokyo Area: A spatial CGE approach," Papers in Regional Science, Wiley Blackwell, vol. 101(4), pages 811-837, August.
    2. Robson, Edward N. & Wijayaratna, Kasun P. & Dixit, Vinayak V., 2018. "A review of computable general equilibrium models for transport and their applications in appraisal," Transportation Research Part A: Policy and Practice, Elsevier, vol. 116(C), pages 31-53.
    3. Haitao Yu, 2018. "A review of input–output models on multisectoral modelling of transportation–economic linkages," Transport Reviews, Taylor & Francis Journals, vol. 38(5), pages 654-677, September.
    4. Kii, Masanobu & Nakanishi, Hitomi & Nakamura, Kazuki & Doi, Kenji, 2016. "Transportation and spatial development: An overview and a future direction," Transport Policy, Elsevier, vol. 49(C), pages 148-158.

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