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Uncovering the Factors behind Comparative Regional Economic Performance: A Multi-regional Computable General Equilibrium (CGE) Approach

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  • James Giesecke
  • John Madden

Abstract

Giesecke J. A. and Madden J. R. Uncovering the factors behind comparative regional economic performance: a multi-regional computable general equilibrium (CGE) approach, Regional Studies. Recently, a new method has emerged for uncovering the factors driving regional growth disparities. The method involves historical analysis with a multi-regional computable general equilibrium (CGE) model. This paper has three main aims. First, to demonstrate the capacity of the CGE historical technique to decompose the causes of regional divergence into clearly specified economic factors. Second, to provide a generic miniature model that can be used as a template for adapting any multi-regional CGE model to give it the capacity for undertaking historical analysis. Third, to demonstrate that this same miniature model can be used to explain the regional results in terms of the major model mechanisms behind them. [image omitted] Giesecke J. A. et Madden J. R. Devoiler les facteurs derriere la performance economique comparative des regions: une facon CGE a plusieurs regions, Regional Studies. Recemment, une nouvelle methode qui cherche a devoiler les facteurs qui conduisent les ecarts de la croissance regionale a vu le jour. Cette methode necessite une analyse chronologique a partir d'un modele d'equilibre general a plusieurs regions sur ordinateur. Cet article a trois objectifs. Primo, on cherche a demontrer la capacite de la technique chronologique CGE a decomposer les causes de l'ecart regional en facteurs economiques precis. Secundo, on cherche a fournir un modele miniature generique que l'on peut employer en tant que gabarit afin d'adapter aucun modele CGE a plusieurs regions pour que l'on puisse augmenter sa capacite a faire une analyse chronologique. Tertio, on cherche a demontrer que ce meme modele miniature sert a expliquer les resultats regionaux en termes des mecanismes majeurs qui le soutiennent. Equilibre general sur ordinateur Croissance regionale Ecart regional Analyse chronologique a plusieurs regions Giesecke J. A. und Madden J. R. Ermittlung der Faktoren hinter der komparativen regionalen Wirtschaftsleistung: Ein multiregionaler CGE-Ansatz, Regional Studies. In jungster Zeit ist eine neue Methode zur Ermittlung der Faktoren entstanden, die beim Regionalwachstum Disparitaten verursachen. Die Methode beinhaltet eine historische Analyse mit einem multiregionalen berechenbaren allgemeinen Gleichgewichtsmodell (CGE-Modell). Mit unserem Beitrag verfolgen wir drei Hauptziele. Erstens mochten wir nachweisen, dass sich die historische CGE-Technik zu einer Dekomposition der Ursachen regionaler Divergenz in klar spezifizierte Wirtschaftsfaktoren eignet. Zweitens wollen wir ein generisches Miniaturmodell entwickeln, das als Vorlage zur Anpassung eines beliebigen multiregionalen CGE-Modells genutzt werden kann, um mit diesem Modell historische Analysen durchfuhren zu konnen. Drittens mochten wir nachweisen, dass sich anhand desselben Miniaturmodells die regionalen Ergebnisse hinsichtlich der grosseren, dahinterliegenden Modellmechanismen erlautern lassen. Berechenbares allgemeines Gleichgewicht Regionales Wachstum Regionale Divergenz Multiregionale historische Analyse Giesecke J. A. y Madden J. R. Descubrir los factores tras el rendimiento de la economia regional comparativa: un enfoque multiregional CGE, Regional Studies. Acaba de surgir un nuevo metodo para descubrir los factores que impulsan las desigualdades de crecimiento regional. Con este metodo se realizan analisis historicos mediante un modelo de equilibrio general computable y multiregional. Este documento tiene tres objetivos principales. Primero, demostrar la capacidad de la tecnica historica de equilibrio general computable (CGE) para descomponer las causas de divergencia regional en factores economicos claramente especificos. Segundo, ofrecer un modelo generico en miniatura que puede servir como plantilla para adaptar cualquier modelo multiregional CGE y otorgarle la capacidad de realizar analisis historicos. Tercero, demostrar que este mismo modelo en miniatura puede servir para explicar los resultados regionales en terminos de los mecanismos principales en el modelo que existen detras. Equilibrio computable general Crecimiento regional Divergencia regional Analisis historico multiregional

Suggested Citation

  • James Giesecke & John Madden, 2010. "Uncovering the Factors behind Comparative Regional Economic Performance: A Multi-regional Computable General Equilibrium (CGE) Approach," Regional Studies, Taylor & Francis Journals, vol. 44(10), pages 1329-1349.
    • Handle: RePEc:taf:regstd:v:44:y:2010:i:10:p:1329-1349
    DOI: 10.1080/00343400802070886
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    1. David Nguyen, 2019. "Regional Economic Disparities and Development in the UK," National Institute of Economic and Social Research (NIESR) Policy Papers 10, National Institute of Economic and Social Research.
    2. 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.
    3. 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.
    4. Georgeta Lixandru (Bardasu), 2015. "The Evolution of the Performances at Regional Level," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 135-139, October.

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