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An Application of the Integrated Transport Network-Multi-regional CGE Model An Impact Analysis of Government-Financed Highway Projects


  • Euijune Kim
  • Hong Sok Kim
  • Geoffrey J. D. Hewings


This paper analyses the impacts of highway development with different financing strategies. We examine two ways in which the government can finance highway development projects: it can (a) use current tax system, or (b) impose earmarked taxes. Our model is composed of a transport network model and a multi-regional Computable General Equilibrium model. The model specifies the behaviours of sixteen producers, four regional households, four regional governments, a central government, and the rest of the world. The results indicate that imposing regional earmarked taxes has a greater effect on income growth and the reduction of regional income inequality than does the current tax system. © 2011 LSE and the University of Bath

Suggested Citation

  • Euijune Kim & Hong Sok Kim & Geoffrey J. D. Hewings, 2011. "An Application of the Integrated Transport Network-Multi-regional CGE Model An Impact Analysis of Government-Financed Highway Projects," Journal of Transport Economics and Policy, University of Bath, vol. 45(2), pages 223-245, May.
  • Handle: RePEc:tpe:jtecpo:v:45:y:2011:i:2:p:223-245

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    References listed on IDEAS

    1. Jeffrey M. Wooldridge, 2005. "Simple solutions to the initial conditions problem in dynamic, nonlinear panel data models with unobserved heterogeneity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(1), pages 39-54.
    2. Wayne K Talley, 1999. "Determinants of Ship Accident Seaworthiness," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 1(2), pages 1-14, December.
    3. Roberts, Stephen E. & Marlow, Peter B., 2002. "Casualties in dry bulk shipping (1963-1996)," Marine Policy, Elsevier, vol. 26(6), pages 437-450, November.
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    Cited by:

    1. Dina N. Elshahawany & Eduardo A. Haddad & Michael L. Lahr, 2016. "Accessibility, Transportation Cost and Regional Growth: A Case Study for Egypt," Working Papers 1049, Economic Research Forum, revised 09 Jan 2016.
    2. Diana N. Elshahawany & Eduardo A. Haddd, Michael L. Lahr, 2015. "The Potential Economic Impacts of the Proposed Development Corridor in Egypt: An Interregional CGE Approach," Working Papers, Department of Economics 2015_42, University of São Paulo (FEA-USP).

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