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Modeling Small Area Economic Change in Conjunction with a Multiregional CGE Model

In: Globalization and Regional Economic Modeling

Author

Listed:
  • Ian Sue Wing

    (Boston University)

  • William P. Anderson

    (Boston University)

Abstract

Regional economic projections are often made at the level of spatial aggregation that is most convenient from political, data and computational perspectives. For example, in the US projections are often made at the level of 50 states. From a policy perspective this makes some sense since disbursements of federal funds for infrastructure are generally made to state governments and sub-state governments have little political representation at the federal level. Economic data is much richer at the state level than at any sub-state level. Also, for many models a larger number of regions than the 50 implies excessive computational burden.

Suggested Citation

  • Ian Sue Wing & William P. Anderson, 2007. "Modeling Small Area Economic Change in Conjunction with a Multiregional CGE Model," Advances in Spatial Science, in: Russel Cooper & Kieran Donaghy & Geoffrey Hewings (ed.), Globalization and Regional Economic Modeling, chapter 12, pages 263-288, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-72444-5_12
    DOI: 10.1007/978-3-540-72444-5_12
    as

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