Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy
USAGE-TERM Development and Applications
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Beschreibung
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.
The book documents a model with a unique amount of detail on economy-wide and regional US economic activity
Details are presented on how national accounts and other statistical data are modified to prepare a multi-regional CGE model Tailored modifications within the described model include sectors to depict domestic and international tourism and holiday-making at home and abroad
The volume includes practical applications to major policy issues
The book documents a model with a unique amount of detail on economy-wide and regional US economic activity Details are presented on how national accounts and other statistical data are modified to prepare a multi-regional CGE model Tailored modifications within the described model include sectors to depict domestic and international tourism and holiday-making at home and abroad The volume includes practical applications to major policy issues Includes supplementary material: sn.pub/extras
Autor*in
Glyn Wittwer
Themen in »Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy«
Dynamic Regional CGE Modeling Paths of Adjustment Structural Change Electricity Generation, Transmission and Distribution Regional Household Consumption Education Exports National Database Modifications Top-down v Bottom-up Modeling County Representation Congressional Districts Adverse Events Urban Economic Impacts Drought Impacts Tourism Social Accounting Matrix