IDEAS home Printed from https://ideas.repec.org/p/cop/wpaper/g-219.html
   My bibliography  Save this paper

The TERM model and its data base

Author

Listed:
  • Mark Horridge

Abstract

TERM (The Enormous Regional Model) provides a strategy for creating a "bottom-up" multi-regional CGE model which treats each region of a single country as a separate economy. This makes it a useful tool for examining the regional impacts of shocks that may be region-specific. TERM is designed to allow quick simulations with many regions, so allowing for models of large countries with 30 to 50 provinces, such as USA or China. TERM also offers a standard procedure for preparing a database which requires, in addition to a national input-output or use-supply table, a minimal amount of regional data. More regional data can be used if available.

Suggested Citation

  • Mark Horridge, 2011. "The TERM model and its data base," Centre of Policy Studies/IMPACT Centre Working Papers g-219, Victoria University, Centre of Policy Studies/IMPACT Centre.
    • Handle: RePEc:cop:wpaper:g-219
    as

    Download full text from publisher

    File URL: https://www.copsmodels.com/ftp/workpapr/g-219.pdf
    File Function: Initial version, 2011-07
    Download Restriction: no
    File URL: https://www.copsmodels.com/elecpapr/g-219.htm
    File Function: Local abstract: may link to additional material.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Liew, L. H., 1984. ""Tops-down" versus "bottoms-up" approaches to regional modeling," Journal of Policy Modeling, Elsevier, vol. 6(3), pages 351-367, August.
    2. 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.
    3. Naqvi, Farzana & Peter, Matthew W, 1996. "A Multiregional, Multisectoral Model of the Australian Economy with an Illustrative Application," Australian Economic Papers, Wiley Blackwell, vol. 35(66), pages 94-113, June.
    4. Horridge, Mark & Madden, John & Wittwer, Glyn, 2005. "The impact of the 2002-2003 drought on Australia," Journal of Policy Modeling, Elsevier, vol. 27(3), pages 285-308, April.
    5. Matthew W. Peter & Mark Horridge & G.A.Meagher & Fazana Naqvi & B.R.Parmenter, 1996. "The Theoretical Structure of MONASH-MRF," Centre of Policy Studies/IMPACT Centre Working Papers op-85, Victoria University, Centre of Policy Studies/IMPACT Centre.
    6. Philip D. Adams & Mark Horridge & Glyn Wittwer, 2003. "MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models," Centre of Policy Studies/IMPACT Centre Working Papers g-140, Victoria University, Centre of Policy Studies/IMPACT Centre.
    7. Tony Flegg & Paul White, 2008. "Regional Input Output Models and the FLQ Formula: A Case Study of Finland," Working Papers 0808, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Viktor Pirmana & Armida Alisjahbana & Irlan Adiyatma Rum, 2015. "Boosting National Infrastructure Investment in West Java: An Analysis Using TERM CGE Model," Working Papers in Economics and Development Studies (WoPEDS) 201507, Department of Economics, Padjadjaran University, revised Dec 2015.
    2. Francois J. Stofberg & Jan H. van Heerden & Heinrich R. Bohlmann, 2020. "A Fiscus for Better Economic and Social Development in South Africa," Working Papers 202072, University of Pretoria, Department of Economics.
    3. Bohlmann, H.R. & Horridge, J.M. & Inglesi-Lotz, R. & Roos, E.L. & Stander, L., 2019. "Regional employment and economic growth effects of South Africa’s transition to low-carbon energy supply mix," Energy Policy, Elsevier, vol. 128(C), pages 830-837.
    4. Aino Friman & Nina Hyytiä, 2022. "The Economic and Welfare Effects of Food Waste Reduction on a Food-Production-Driven Rural Region," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    5. Ashkan Masouman & Charles Harvie, 2020. "Forecasting, impact analysis and uncertainty propagation in regional integrated models: A case study of Australia," Environment and Planning B, , vol. 47(1), pages 65-83, January.
    6. Glyn Wittwer, 2021. "Expanding the Global Bev Model to enhance analysis of trade policy, COVID impacts and other wine industry issues," Wine Economics Research Centre Working Papers 2021-05, University of Adelaide, Wine Economics Research Centre.
    7. Jonathan Gonçalves Da Silva & Joaquim Bento De Souza Ferreira Filho, 2016. "Climate Change, Agriculture And Livestock Intensification In Brazil: The Borlaug Hypothesis," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 184, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    8. Arief A. Yusuf & Elizabeth L. Roos & Jonathan M. Horridge, 2018. "Indonesia's Moratorium on Palm Oil Expansion from Natural Forests: Economy-Wide Impacts and the Role of International Transfers," Asian Development Review, MIT Press, vol. 35(2), pages 85-112, September.
    9. Diniz, Tiago & Ferreira-Filho, Joaquim Bento & Horridge, Mark, 2018. "Economic and regional impacts of investments in electricity generation in Brazil," Conference papers 332933, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    10. Nhi Tran & Louise Roos & James Giesecke, 2012. "DIAC-TERM: A Multi-regional Model of the Australian Economy With Migration Detail," Centre of Policy Studies/IMPACT Centre Working Papers g-238, Victoria University, Centre of Policy Studies/IMPACT Centre.
    11. Wittwer, Glyn & Anderson, Kym, 2020. "A Model of Global Beverage Markets," Journal of Wine Economics, Cambridge University Press, vol. 15(3), pages 330-354, August.
    12. Elizabeth L. Roos & Heinrich R. Bohlmann & Jonathan M. Horridge & Lardo Stander & Roula Inglesi-Lotz, 2018. "Regional economic effects of changes in South Africa’s electricity generation mix," Working Papers 756, Economic Research Southern Africa.
    13. Standardi, Gabriele & Turdyeva, Natalia, 2019. "Testing a methodology to split a national SAM and compute intra-national trade flows: an application for the Russian regions," Conference papers 333050, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    14. Glyn Wittwer, 2021. "Expanding Global Bev to enhance analysis of trade policy, COVID impacts and other wine industry issues," Centre of Policy Studies/IMPACT Centre Working Papers g-319, Victoria University, Centre of Policy Studies/IMPACT Centre.
    15. Camila Callegari & Tarik Tanure & Ana Carolina Oliveira Fiorini & Eduardo Haddad & Edson Domingues & Aline Magalhães & Fernando Perobelli & Alexandre Porsse & André F. P. Lucena & Eveline Vasquez-Arro, 2023. "The Role of Cities: Linking Integrated Assessment Models to Urban Solutions," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    16. Francois J. Stofberg & Jan H. van Heerden, 2015. "The Short Term Economic Impact of Levying E-Tolls on Industries," Working Papers 201527, University of Pretoria, Department of Economics.
    17. Honkatukia, Juha, 2013. "The VATTAGE Regional Model VERM - A Dynamic, Regional, Applied General Equilibrium Model of the Finn," Research Reports 171, VATT Institute for Economic Research.
    18. Zawalińska, Katarzyna & Milczarek-Andrzejewska, Dominika, 2017. "Land Use Conflicts And The Common Agricultural Policy: The Case Of Poland," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 260883, European Association of Agricultural Economists.
    19. Tran, Nhi & Roos, Louise & Giesecke, James & Madden, John, 2015. "Regionally targeted migration policy as an instrument for regional development: a general equilibrium assessment," Conference papers 332608, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    20. Stofberg, F.J. & van Heerden, J.H. & Horridge, M. & Roos, L., 2022. "A fiscus for better economic and social development in South Africa," Conference papers 333392, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    21. Milczarek-Andrzejewska, Dominika & Zawalińska, Katarzyna & Czarnecki, Adam, 2018. "Land-use conflicts and the Common Agricultural Policy: Evidence from Poland," Land Use Policy, Elsevier, vol. 73(C), pages 423-433.
    22. Francois Jacobus Stofberg & Jan Van Heerden, 2016. "The Short-Term Economic Impact of Levying E-Tolls on Industries," South African Journal of Economics, Economic Society of South Africa, vol. 84(4), pages 574-593, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Esmedekh Lkhanaajav, 2016. "CoPS-style CGE modelling and analysis," Centre of Policy Studies/IMPACT Centre Working Papers g-264, Victoria University, Centre of Policy Studies/IMPACT Centre.
    2. James Giesecke, 2008. "A Top-down Framework for Regional Historical Analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 3(1), pages 45-87.
    3. Horridge, Mark & Madden, John & Wittwer, Glyn, 2005. "The impact of the 2002-2003 drought on Australia," Journal of Policy Modeling, Elsevier, vol. 27(3), pages 285-308, April.
    4. Francois Jacobus Stofberg & Jan Van Heerden, 2016. "The Short-Term Economic Impact of Levying E-Tolls on Industries," South African Journal of Economics, Economic Society of South Africa, vol. 84(4), pages 574-593, December.
    5. George Verikios & Xiao-guang Zhang, 2010. "Structural Change in the Australian Electricity Industry During the 1990s and the Effect on Household Income Distribution," Centre of Policy Studies/IMPACT Centre Working Papers g-207, Victoria University, Centre of Policy Studies/IMPACT Centre.
    6. George Verikios & Xiao-guang Zhang, 2016. "Structural change and income distribution: the case of Australian telecommunications," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(4), pages 549-570, October.
    7. Verikios, George & Zhang, Xiao-guang, 2013. "Structural change in the Australian electricity industry during the 1990s and the effect on household income distribution: A macro–micro approach," Economic Modelling, Elsevier, vol. 32(C), pages 564-575.
    8. James Giesecke & Peter B. Dixon & Maureen T. Rimmer, 2008. "Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure," Papers in Regional Science, Wiley Blackwell, vol. 87(1), pages 3-31, March.
    9. Wittwer, Glyn & McKirdy, Simon & Wilson, Ryan, 2005. "Regional economic impacts of a plant disease incursion using a general equilibrium approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 1-15.
    10. Zawalinska, Katarzyna & Tran, Nhi & Ploszaj, Adam, 2019. "Planning R&D in a post centrally-planned economy: assessing the macroeconomic effects in Poland," Conference papers 333106, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    11. Peter Dixon & James Giesecke & Maurreen Rimmer, 2004. "Regional macroeconomic outcomes under alternative arrangements for the financing of urban infrastructure," ERSA conference papers ersa04p116, European Regional Science Association.
    12. Mark Horridge & Glyn Wittwer, 2006. "The Impacts of Higher Energy Prices on Indonesia’s and West Java’s Economies using INDOTERM, a Multiregional Model of Indonesia," Working Papers in Economics and Development Studies (WoPEDS) 200607, Department of Economics, Padjadjaran University, revised Aug 2006.
    13. Verikios, George & Zhang, Xiao-guang, 2015. "Reform of Australian urban transport: A CGE-microsimulation analysis of the effects on income distribution," Economic Modelling, Elsevier, vol. 44(C), pages 7-17.
    14. Aline Souza Magalhães & Edson Domingues, 2009. "Regional inequality and growth: the role of interregional trade in the Brazilian economy," Textos para Discussão Cedeplar-UFMG td359, Cedeplar, Universidade Federal de Minas Gerais.
    15. Perali, Federico & Pieroni, Luca & Standardi, Gabriele, 2012. "World tariff liberalization in agriculture: An assessment using a global CGE trade model for EU15 regions," Journal of Policy Modeling, Elsevier, vol. 34(2), pages 155-180.
    16. Horridge, Mark & Madden, John & Wittwer, Glyn, 2003. "Using a Highly Disaggregated Multi-Regional Single-Country Model to Analyse the Impacts of the 2002-03 Drought on Australia," Conference papers 331074, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Diniz, Tiago & Ferreira-Filho, Joaquim Bento & Horridge, Mark, 2018. "Economic and regional impacts of investments in electricity generation in Brazil," Conference papers 332933, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    18. Gabriele Standardi & Federico Perali & Luca Pieroni, 2014. "World Tariff Liberalization in Agriculture: An Assessment Following a Global CGE Trade Model for EU15 Regions," Working Papers 2014.25, Fondazione Eni Enrico Mattei.
    19. Peter B. Dixon & Maureen T. Rimmer, 2003. "State-level Dynamic CGE Modeling for Forecasting and Policy Analysis," Centre of Policy Studies/IMPACT Centre Working Papers ip-82, Victoria University, Centre of Policy Studies/IMPACT Centre.
    20. Glyn Wittwer & Simon McKirdy & Ryan Wilson, 2003. "Analysing the Economic Impacts of a Plant Disease Incursion Using a General Equilibrium Approach," Centre of Policy Studies/IMPACT Centre Working Papers op-97, Victoria University, Centre of Policy Studies/IMPACT Centre.

    More about this item

    Keywords

    Regional CGE;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cop:wpaper:g-219. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Horridge (email available below). General contact details of provider: https://edirc.repec.org/data/cpmonau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.