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Building Small City and Town: SAMs and CGE Models Revisited

In: Computable General Equilibrium Approaches In Urban And Regional Policy Studies

Author

Listed:
  • WALTER SCHWARM

    (Regional Research Institute, West Virginia University, Morgantown, WV, U.S.A.)

  • HARVEY CUTLER

    (Department of Economics, Colorado State University, Fort Collins, Colorado, U.S.A.)

Abstract

In this chapter,we attempt to describe both the data sources and organizational methods that allow for effective and easily created SAMs and regional computable general equilibrium (CGE) models. Small cities of around 100,000 people will face very different constraints than a town of 5000 people. Unfortunately, most CGE models typically describe relatively large geographical areas and are therefore not able to capture the uniqueness of individual cities or towns within the region. An illustrative example using these techniques demonstrates the insights and regional characteristics, which such methods allow a researcher to uncover.

Suggested Citation

  • Walter Schwarm & Harvey Cutler, 2006. "Building Small City and Town: SAMs and CGE Models Revisited," World Scientific Book Chapters, in: Masayuki Doi (ed.), Computable General Equilibrium Approaches In Urban And Regional Policy Studies, chapter 5, pages 59-81, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812707116_0005
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    Citations

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    Cited by:

    1. 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.
    2. 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.

    More about this item

    Keywords

    Computable General Equilibrium (CGE) Model; Social Accounting Matrix (SAM); Urban and Regional Policies (or Urban and Regional Policy Evaluation); Each Industry's Market Clearance; Structural and Long-Term Policy Impacts;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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