Economics, Econometrics and Finance
8 years ago

Regional CGE Models Revolutionize Economic Policy, Transforming Lives Nationwide

International Regional Science Review
Regional Computable General Equilibrium Modeling: A Survey and Critical Appraisal
Mark D. Partridge, Dan S. Rickman

Paper Summary

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Regional computable general equilibrium models are being used more to study regional economies and policies. This paper reviews existing literature on these models and discusses their contributions to regional economic analysis. The paper outlines the basic approach of regional CGE modeling and details the key features of current models. It also evaluates the current state of regional CGE modeling and suggests future research directions.