Multiregional Economic Modeling


Book Description










Handbook of Regional and Urban Economics


Book Description

This second volume of the Handbook presents professional surveys of all the important topics in urban economics. The first section contains 6 surveys on locational analysis, the second, 5 surveys of specific urban markets, and the third part presents 5 surveys of government policy issues. The book brings together exhaustive research by distinguished scholars from many countries. It is the only complete survey volume of urban economics and should serve as a reference volume to scholars and graduate students for many years. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes--




Regional Economic Modeling: A Systematic Approach to Economic Forecasting and Policy Analysis


Book Description

Regional economic models are the key to predicting the effects of transportation, economic development, energy, fiscal and environmental policies. Despite this, the principal regional economic policy analysis model used throughout the United States by government agencies, universities, and the private sector has not been presented in a book until now. The approach to building, understanding and using regional models presented in Regional Economic Models: A Systematic Approach to Forecasting and Policy Analysis is progressive. It begins with the simplest possible models and concludes with a full presentation of the leading model used by policy makers today. The full details are presented along with facilitating software, which is made available so that the reader can build a prototype model for any state or country and can perform policy simulations with full operational models for a sample area. Policy studies are discussed that have been carried out with the model, as well as the range of ways in which policies can be tested through policy simulations. The necessary background is developed for understanding the ways in which models can be used to improve the basis upon which policies are evaluated, as well as the sensitivity of the predicted effects to the model chosen for the analysis. The presentation is multifaceted and includes equations, diagrams and numerical examples. The professional literature is integrated with introductory materials to produce the first comprehensive book on regional modeling that extends from economic base models to modeling advances that are currently being published in economic journals.




Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy


Book Description

This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity. The latter may include a top-down representation of county activity. Interest in USAGE-TERM is growing among government departments. It is a practical tool, which may enhance analysis of productivity growth and innovation, adverse events such as drought or civil disruption and the dynamic economic impacts of major projects.Economic analysts and policy makers care about regions. Some regions suffer growing pains, as supporting infrastructure and services struggle to cope with population growth. Soaring house prices and rentals may lower affordability for many. Other regions suffer ongoing decline due to structural change. Regional economic fluctuations are often far more dramatic than national fluctuations.










Dynamic Modelling and Control of National Economies 1983


Book Description

Dynamic Modelling and Control of National Economies 1983 contains the proceedings of the Fourth IFAC/IFORS/IIASA Conference and the 1983 SEDC Conference on Economic Dynamics and Control held at Washington D.C., USA on June17-19, 1983. Separating the 65 papers presented in the conference as chapters, this book covers a broad class of problems or notions arising both in economic theory, control applications to planning, and implementation issues. Some chapters discuss multi-level interactions of government and private sectors in economic development; inflation and economic policy in an open economy; foreign debt and exchange rate stability in a developing country; and expectations in numerical general equilibrium models. This book also explains a rational decision-making process for resource policymaking; inference of the structure of economic reasoning from natural language analysis; modeling and analysis of a national economy; and methodological issues in global modeling. Econometric analysis of the economic effects of population change, aspects of optimal estimation control strategies in econometrics, and optimal policies for interdependent economies are also discussed. This book will be useful to those engaged in economic and control theory research.




Techniques for Evaluating the Differences in Multiregional Input-Output Databases


Book Description

This book introduces the Eora, Global Trade Analysis Project (GTAP) and World Input-Output (WIOD) databases and provides detailed metadata on the data sources, database structures and construction techniques used to build each system. It offers a detailed account of how multi-regional input–output (MRIO) databases are used to calculate consumption-based accounts – guiding the reader through each mathematical step and explaining the associated equations. It demonstrates that different MRIO databases calculate different national level consumption-based CO2 accounts. If these results are to be used as evidence in climate policy-making, analysts need to be confident about the accuracy of the databases and understand why the results differ. It carefully explains the mathematical equations behind each technique and provides a link to a repository where the reader can access specially prepared MATLAB functions associated with the techniques. To make meaningful comparisons between the three MRIO databases, each is mapped to a consistent classification system comprising 40 countries and 17 sectors. Further, readers can access the aggregated databases using the link provided. The effect of this aggregation is shown to be minimal, so readers can be confident that the aggregated versions of each database reflect the full-sized versions. The book concludes by making recommendations as to how future MRIO databases could be accurately and consistently constructed and how they should be used in policy-making in light of the findings. Endorsement Anne Owen did a splendid job in comparing the most important Global Multiregional Input Output databases (GMRIO) available. She probably is the first to develop a good understanding what factors in GMRIO construction really contribute to uncertainties in carbon footprint analysis. A great achievement, packed in easy to understand language! Prof. Arnold Tukker Scientific director CML Leiden, NL With its thorough investigations and clear explanations of the differences in MRIO databases and outcomes, this book is compulsory reading for both skilled practitioners and scholars when starting any input-output analysis in a multiregional context. Dr. Harry C. Wilting Senior researcher, environment and economics PBL Netherlands Environmental Assessment Agency, NL A novel exposition on understanding some of the biggest datasets underpinning current global sustainability assessments. Dr. Owen straddles technical incision with practitioner relevant insights and includes a range of methodological advances that will ensure the continued relevance of this work for many years to come. Prof. Richard Wood Industrial Ecology Program NTNU, Norway