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Working Paper 10-06 - Network Industry Reform in Belgium: Macroeconometric versus General-Equilibrium Analyses

Author

Listed:
  • Jan van der Linden

Abstract

In network industries the market reform that is being pursued by national and supranational authorities should lead to an improvement of efficiency, which spills over into a beneficial macroeconomic impact. This paper presents two alternative simulations of the potential impact in Belgium. These simulations give very different outcomes, but are still complementary. A macroeconometric approach seems to be more realistic in the short and mid term because it has been built up from observed behavioural relationships. A general-equilibrium approach gives rise to drawing some lessons about the conditions that make the impact more pronounced in the long term.

Suggested Citation

  • Jan van der Linden, 2006. "Working Paper 10-06 - Network Industry Reform in Belgium: Macroeconometric versus General-Equilibrium Analyses," Working Papers 200610, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:200610
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    More about this item

    Keywords

    Forecasting models; Network industries; Liberalisation;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General

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