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Computable General Equilibrium Modeling for Regional Analysis

Author

Listed:
  • Eliecer E. Vargas

    (Tropical Agricultural Research and Higher Education Center)

  • Dean F. Schreiner

    (Department of Agricultural Economics, Oklahoma State University)

  • Gelson Tembo

    (Policy and Planning Division, Ministry of Agriculture, Food, and Fisheries)

  • David W. Marcouiller

    (Department of Urban and Regional Planning, University of Wisconsin)

Abstract

Partial equilibrium analysis illustrates results for one market at a time. However, there often exist market interactions and thus market feedbacks. Pricing outcomes in one market usually have effects in other markets, and these effects, in turn, create ripples throughout the economy, perhaps even to the extent of affecting the price-quantity equilibrium in the original market. To represent this complex set of economic relationships, it is necessary to go beyond partial equilibrium analysis and construct a model that permits viewing many markets simultaneously. This Web Book provides an introduction to and overview of the general equilibrium modeling framework in the context of regional analysis.

Suggested Citation

  • Eliecer E. Vargas & Dean F. Schreiner & Gelson Tembo & David W. Marcouiller, 1999. "Computable General Equilibrium Modeling for Regional Analysis," Wholbk, Regional Research Institute, West Virginia University, number 18, Fall.
    • Handle: RePEc:rri:wholbk:18
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    File URL: https://researchrepository.wvu.edu/rri-web-book/27/
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    Citations

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    Cited by:

    1. Oliva, Gabriele & Panzieri, Stefano & Setola, Roberto, 2010. "Agent-based input–output interdependency model," International Journal of Critical Infrastructure Protection, Elsevier, vol. 3(2), pages 76-82.
    2. Grant J. Allan, 2015. "The Regional Economic Impacts of Biofuels: A Review of Multisectoral Modelling Techniques and Evaluation of Applications," Regional Studies, Taylor & Francis Journals, vol. 49(4), pages 615-643, April.
    3. Ha, Soo Jung & Hewings, Geoffrey & McGregor, Peter G & Swales, J Kim & Turner, Karen, 2010. "Econometric estimation of Armington import elasticities and their system-wide impact in a regional CGE model of the Illinois economy," Stirling Economics Discussion Papers 2010-19, University of Stirling, Division of Economics.
    4. Mbanda, Vandudzai & Bonga-Bonga, Lumengo, 2018. "Impacts of Public Infrastructure Investment in South Africa: A SAM and CGE-Based Analysis of the Public Economic Sector," MPRA Paper 90613, University Library of Munich, Germany.
    5. Patriquin, Mike N. & Wellstead, Adam M. & White, William A., 2007. "Beetles, trees, and people: Regional economic impact sensitivity and policy considerations related to the mountain pine beetle infestation in British Columbia, Canada," Forest Policy and Economics, Elsevier, vol. 9(8), pages 938-946, May.
    6. Scrieciu, Silviu Serban & Blake, Adam, 2003. "General Equilibrium Modelling Applied to Romania (GEMAR): Focusing on the Agricultural and Food Sectors," Development Economics and Public Policy Working Papers 30544, University of Manchester, Institute for Development Policy and Management (IDPM).
    7. Chun-Chu Liu, 2006. "A computable general equilibrium model of the southern region of Taiwan: the impact of the Tainan science-based industrial park," Applied Economics, Taylor & Francis Journals, vol. 38(14), pages 1655-1661.
    8. Edouard Kujawski, 2006. "Multi‐period model for disruptive events in interdependent systems," Systems Engineering, John Wiley & Sons, vol. 9(4), pages 281-295, December.
    9. ERBIL Can, 2010. "Trade Taxes Are Better ?!? Short Answer: No," EcoMod2003 330700048, EcoMod.
    10. Manh Toan Nguyen & Tung Lam Dang & Thi Hong Hanh Huynh, 2020. "Trade Liberalization and Income Distribution in Vietnam: Dynamic CGE Approach," Asian Economic Journal, East Asian Economic Association, vol. 34(4), pages 404-429, December.

    More about this item

    Keywords

    input output; regional science; computable general equilibrium; cge;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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