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A Large†Scale Dynamic Multi†Regional Cge Model with an Illustrative Application

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  • James A. Giesecke
  • John R. Madden

Abstract

This paper describes FEDERAL†F, a large†scale general†purpose multiregional computable general equilibrium model. The model is dynamic and can be used for forecasting, policy analysis and historical analysis. Large†scale CGE models are commonly used in Australia and play a central role in policy analysis. In this paper we provide an overview of the core of FEDERAL†F's equations via a stylized representation that expresses the model's equations in functional form. An illustrative application demonstrating the power of the model is undertaken. It demonstrates that a feasible state government fiscal policy to halt Tasmania's declining share of national GDP does not exist.

Suggested Citation

  • James A. Giesecke & John R. Madden, 2003. "A Large†Scale Dynamic Multi†Regional Cge Model with an Illustrative Application," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 15(1), pages 02-25, March.
  • Handle: RePEc:bla:revurb:v:15:y:2003:i:1:p:02-25
    DOI: 10.1111/1467-940X.00061
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    Cited by:

    1. Ahmed, Vaqar, 2006. "Regional economic modelling: evaluating existing methods and models for constructing an Irish prototype," MPRA Paper 7650, University Library of Munich, Germany.
    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.
    3. Zhang, Pengcheng & Peeta, Srinivas, 2014. "Dynamic and disequilibrium analysis of interdependent infrastructure systems," Transportation Research Part B: Methodological, Elsevier, vol. 67(C), pages 357-381.
    4. Zhang, Pengcheng & Peeta, Srinivas, 2011. "A generalized modeling framework to analyze interdependencies among infrastructure systems," Transportation Research Part B: Methodological, Elsevier, vol. 45(3), pages 553-579, March.
    5. Thomas Rutherford & Hannu Torma†, 2010. "Efficiency of Fiscal Measures in Preventing Out-migration from North Finland," Regional Studies, Taylor & Francis Journals, vol. 44(4), pages 465-475.
    6. Bröcker, Johannes & Korzhenevych, Artem, 2013. "Forward looking dynamics in spatial CGE modelling," Economic Modelling, Elsevier, vol. 31(C), pages 389-400.
    7. James Giesecke & John R. Madden, 2003. "Regional Labour Market Adjustment to Competition Policy Reforms: A Dynamic CGE Framework for Assessment," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 6(3), pages 409-433, September.

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