| Autor: |
Glyn Wittwer, Janine Dixon, John R Madden |
| Rok vydání: |
2017 |
| Předmět: |
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| Zdroj: |
Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy ISBN: 9783319588643 |
| DOI: |
10.1007/978-3-319-58866-7_1 |
| Popis: |
Politicians and analysts are concerned with the economic health of regions. Sub-national economic modeling has relied heavily on input–output models. The absence of resource constraints in such models implies that they miss much of regional adjustment story in response to economic shocks. The Horridge approach enables the practitioner to represent small regions using a CGE model, based on the theory of national ORANI-style models. Dynamics are an invaluable enhancement to multi-regional CGE models, as the path of adjustment of a region is of policy interest. The dynamic, multi-regional USAGE-TERM model has relied heavily on the dynamics developed in the national USAGE model. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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