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Forward looking dynamics in spatial CGE modelling

  • Johannes Bröcker
  • Artem Korzhenevych

This paper sets up a multiregional dynamic framework by combining the optimal savings model with investment adjustment costs and the spatially disaggregated model with Dixit-Stiglitz structure in the modern sector. Because of increasing product diversity on the dynamic equilibrium path, the model belongs to the category of semi-endogenous growth models. The distinction of goods, factors, firms, and households by location, and the incorporation of trade costs in the model allow to study a variety of issues in regional and transport economics. We describe the model calibration and a taylor-made solution algorithm. The functionality is demonstrated using two illustrative examples

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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1731.

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Length: 26 pages
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:kie:kieliw:1731
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