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Measuring the Impact of Infrastructure Systems Using Computable General Equilibrium Models

In: Regional Research Frontiers - Vol. 2

Author

Listed:
  • Zhenhua Chen

    (The Ohio State University)

  • Kingsley E. Haynes

    (George Mason University)

Abstract

With the advancement of computational technology and applied modeling platforms, the Computable General Equilibrium (CGE) model has been widely adopted for impact assessment. Current CGE modeling techniques enable analysts to achieve robust impact simulation through capturing heterogeneous regional economic structures and dynamic interactions of economic activities. However, key issues related to the sensitivity of exogenous parameters and the underpinnings of tracking policy shocks are not yet well understood. This essay addresses these critical concerns using empirical studies of transportation infrastructure as an example. Our purpose is to promote a reconsideration of the fundamentals of CGE modeling and suggest directions for future research.

Suggested Citation

  • Zhenhua Chen & Kingsley E. Haynes, 2017. "Measuring the Impact of Infrastructure Systems Using Computable General Equilibrium Models," Advances in Spatial Science, in: Randall Jackson & Peter Schaeffer (ed.), Regional Research Frontiers - Vol. 2, chapter 0, pages 79-103, Springer.
    • Handle: RePEc:spr:adspcp:978-3-319-50590-9_5
    DOI: 10.1007/978-3-319-50590-9_5
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    Cited by:

    1. Dan Wei & Zhenhua Chen & Adam Rose, 2020. "Evaluating the role of resilience in reducing economic losses from disasters: A multi‐regional analysis of a seaport disruption," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1691-1722, December.
    2. Botero García, Jesús Alonso & Franco Gonzalez, Humberto & Hurtado Rendon, Alvaro & Arellano Morales, Matheo & MontañEz Herrera, Diego Fernando, 2020. "Fiscal sustainability, public expense and economic growth," Conference papers 333218, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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