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A multiregional general equilibrium model of the Austrian economy: Effects of the catch-up process of the CEECs on the regional economy

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  • Martin Schneider

Abstract

This paper developes the first multiregional computable general equilibrium model for the Austrian economy. The model is based on an Arrow-Debreu-equilibrium. It contains the 9 Austrian Federal Provinces (NUTS-II) which are linked by trade flows with two groups of foreign countries (CEEC-4; ROW). The influence economic growth in the CEEC's has on the domestic economy is modelled by shifts of the import-demand and export-supply functions of the CEEC's. Simulation results show how the structural and welfare effects differ for the Austrian regions. Structural composition and geographic distance both affect regional results. JEL classification: C68, F11, F15, R13 Keywords: CGE modeling, regional model, catch-up, Austria, Eastern Europe

Suggested Citation

  • Martin Schneider, 1998. "A multiregional general equilibrium model of the Austrian economy: Effects of the catch-up process of the CEECs on the regional economy," ERSA conference papers ersa98p137, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa98p137
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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa98/papers/137.pdf
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    References listed on IDEAS

    as
    1. Johannes Bröcker & Martin Schneider, 2002. "How Does Economic Development in Eastern Europe Affect Austria's Regions? A Multiregional General Equilibrium Framework," Journal of Regional Science, Wiley Blackwell, vol. 42(2), pages 257-285, May.
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    More about this item

    Keywords

    cge modeling; regional model; catch-up; austria; eastern europe;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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