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The TERM model and its data base

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  • Mark Horridge

Abstract

TERM (The Enormous Regional Model) provides a strategy for creating a "bottom-up" multi-regional CGE model which treats each region of a single country as a separate economy. This makes it a useful tool for examining the regional impacts of shocks that may be region-specific. TERM is designed to allow quick simulations with many regions, so allowing for models of large countries with 30 to 50 provinces, such as USA or China. TERM also offers a standard procedure for preparing a database which requires, in addition to a national input-output or use-supply table, a minimal amount of regional data. More regional data can be used if available.

Suggested Citation

  • Mark Horridge, 2011. "The TERM model and its data base," Centre of Policy Studies/IMPACT Centre Working Papers g-219, Victoria University, Centre of Policy Studies/IMPACT Centre.
    • Handle: RePEc:cop:wpaper:g-219
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    5. Matthew W. Peter & Mark Horridge & G.A.Meagher & Fazana Naqvi & B.R.Parmenter, 1996. "The Theoretical Structure of MONASH-MRF," Centre of Policy Studies/IMPACT Centre Working Papers op-85, Victoria University, Centre of Policy Studies/IMPACT Centre.
    6. Philip D. Adams & Mark Horridge & Glyn Wittwer, 2003. "MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models," Centre of Policy Studies/IMPACT Centre Working Papers g-140, Victoria University, Centre of Policy Studies/IMPACT Centre.
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    Cited by:

    1. Viktor Pirmana & Armida Alisjahbana & Irlan Adiyatma Rum, 2015. "Boosting National Infrastructure Investment in West Java: An Analysis Using TERM CGE Model," Working Papers in Economics and Development Studies (WoPEDS) 201507, Department of Economics, Padjadjaran University, revised Dec 2015.
    2. Francois J. Stofberg & Jan H. van Heerden, 2015. "The Short Term Economic Impact of Levying E-Tolls on Industries," Working Papers 201527, University of Pretoria, Department of Economics.
    3. Francois J. Stofberg & Jan H. van Heerden & Heinrich R. Bohlmann, 2020. "A Fiscus for Better Economic and Social Development in South Africa," Working Papers 202072, University of Pretoria, Department of Economics.
    4. Diniz, Tiago & Ferreira-Filho, Joaquim Bento & Horridge, Mark, 2018. "Economic and regional impacts of investments in electricity generation in Brazil," Conference papers 332933, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Nhi Tran & Louise Roos & James Giesecke, 2012. "DIAC-TERM: A Multi-regional Model of the Australian Economy With Migration Detail," Centre of Policy Studies/IMPACT Centre Working Papers g-238, Victoria University, Centre of Policy Studies/IMPACT Centre.
    6. Glyn Wittwer, 2021. "Expanding Global Bev to enhance analysis of trade policy, COVID impacts and other wine industry issues," Centre of Policy Studies/IMPACT Centre Working Papers g-319, Victoria University, Centre of Policy Studies/IMPACT Centre.
    7. Honkatukia, Juha, 2013. "The VATTAGE Regional Model VERM - A Dynamic, Regional, Applied General Equilibrium Model of the Finn," Research Reports 171, VATT Institute for Economic Research.
    8. Bohlmann, H.R. & Horridge, J.M. & Inglesi-Lotz, R. & Roos, E.L. & Stander, L., 2019. "Regional employment and economic growth effects of South Africa’s transition to low-carbon energy supply mix," Energy Policy, Elsevier, vol. 128(C), pages 830-837.
    9. Wittwer, Glyn & Anderson, Kym, 2020. "A Model of Global Beverage Markets," Journal of Wine Economics, Cambridge University Press, vol. 15(3), pages 330-354, August.
    10. Aino Friman & Nina Hyytiä, 2022. "The Economic and Welfare Effects of Food Waste Reduction on a Food-Production-Driven Rural Region," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    11. Zawalińska, Katarzyna & Milczarek-Andrzejewska, Dominika, 2017. "Land Use Conflicts And The Common Agricultural Policy: The Case Of Poland," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 260883, European Association of Agricultural Economists.
    12. Ashkan Masouman & Charles Harvie, 2020. "Forecasting, impact analysis and uncertainty propagation in regional integrated models: A case study of Australia," Environment and Planning B, , vol. 47(1), pages 65-83, January.
    13. Arief A. Yusuf & Elizabeth L. Roos & Jonathan M. Horridge, 2018. "Indonesia's Moratorium on Palm Oil Expansion from Natural Forests: Economy-Wide Impacts and the Role of International Transfers," Asian Development Review, MIT Press, vol. 35(2), pages 85-112, September.
    14. Tran, Nhi & Roos, Louise & Giesecke, James & Madden, John, 2015. "Regionally targeted migration policy as an instrument for regional development: a general equilibrium assessment," Conference papers 332608, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Glyn Wittwer, 2021. "Expanding the Global Bev Model to enhance analysis of trade policy, COVID impacts and other wine industry issues," Wine Economics Research Centre Working Papers 2021-05, University of Adelaide, Wine Economics Research Centre.
    16. Stofberg, F.J. & van Heerden, J.H. & Horridge, M. & Roos, L., 2022. "A fiscus for better economic and social development in South Africa," Conference papers 333392, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Camila Callegari & Tarik Tanure & Ana Carolina Oliveira Fiorini & Eduardo Haddad & Edson Domingues & Aline Magalhães & Fernando Perobelli & Alexandre Porsse & André F. P. Lucena & Eveline Vasquez-Arro, 2023. "The Role of Cities: Linking Integrated Assessment Models to Urban Solutions," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    18. Elberry, Ahmed M. & Garaffa, Rafael & Faaij, André & van der Zwaan, Bob, 2024. "A review of macroeconomic modelling tools for analysing industrial transformation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 199(C).
    19. Elizabeth L. Roos & Heinrich R. Bohlmann & Jonathan M. Horridge & Lardo Stander & Roula Inglesi-Lotz, 2018. "Regional economic effects of changes in South Africa’s electricity generation mix," Working Papers 756, Economic Research Southern Africa.
    20. Milczarek-Andrzejewska, Dominika & Zawalińska, Katarzyna & Czarnecki, Adam, 2018. "Land-use conflicts and the Common Agricultural Policy: Evidence from Poland," Land Use Policy, Elsevier, vol. 73(C), pages 423-433.
    21. Jonathan Gonçalves Da Silva & Joaquim Bento De Souza Ferreira Filho, 2016. "Climate Change, Agriculture And Livestock Intensification In Brazil: The Borlaug Hypothesis," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 184, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    22. Francois Jacobus Stofberg & Jan Van Heerden, 2016. "The Short-Term Economic Impact of Levying E-Tolls on Industries," South African Journal of Economics, Economic Society of South Africa, vol. 84(4), pages 574-593, December.
    23. Standardi, Gabriele & Turdyeva, Natalia, 2019. "Testing a methodology to split a national SAM and compute intra-national trade flows: an application for the Russian regions," Conference papers 333050, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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    More about this item

    Keywords

    Regional CGE;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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