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Computable General Equilibrium Modelling in Regional Science

In: Regional Research Frontiers - Vol. 2

Author

Listed:
  • Grant J. Allan

    (University of Strathclyde)

  • Patrizio Lecca

    (European Commission, DG Joint Research Centre)

  • Peter G. McGregor

    (University of Strathclyde)

  • Stuart G. McIntyre

    (University of Strathclyde)

  • J. Kim Swales

    (University of Strathclyde)

Abstract

Computable General Equilibrium (CGE) modelling has a long and distinguished history in regional science. In the past decade or so, improvements in computation have led to more elaborate and detailed CGE models being developed and used in a range of different policy areas. Against a backdrop of these advances, this chapter seeks to identify and review a number of areas where we see the potential for significant developments in CGE modelling in the years ahead. Specifically, we first consider potential improvements in computation, model specification and methodology, before looking in more detail at three areas where these models are used, or could be used, with a view to identifying avenues where model improvements would be valuable. These three areas are: urban and spatial modelling, model integration with other systems and models, and regional fiscal issues. CGE modelling has a bright future in regional science, but to remain at the forefront of economic research in regional science it must continue to adapt and evolve as, historically it has done, and we hope that the directions identified in this chapter are helpful to the future direction of this field.

Suggested Citation

  • Grant J. Allan & Patrizio Lecca & Peter G. McGregor & Stuart G. McIntyre & J. Kim Swales, 2017. "Computable General Equilibrium Modelling in Regional Science," Advances in Spatial Science, in: Randall Jackson & Peter Schaeffer (ed.), Regional Research Frontiers - Vol. 2, chapter 0, pages 59-78, Springer.
    • Handle: RePEc:spr:adspcp:978-3-319-50590-9_4
    DOI: 10.1007/978-3-319-50590-9_4
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    Citations

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    Cited by:

    1. Steve Sorrell, 2014. "Energy Substitution, Technical Change and Rebound Effects," Energies, MDPI, vol. 7(5), pages 1-24, April.
    2. Michał Antoszewski, 2020. "Macroeconomic, Sectoral and Fiscal Consequences of Decreasing Energy Intensity in the Polish Economy," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 53-81.
    3. Michał Antoszewski, 2019. "Assessment of Energy-Related Technological Shocks Within a CGE Model for the Polish Economy," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 9-45.

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