European Union Accession Boosts Regional Income Convergence in Visegrad Countries
The article discusses how a Computable General Equilibrium (CGE) model is used in urban and regional policy studies. The researchers focus on the micro and macro closures of the model, which involve data, specifications, and the implications of Walras' Law. The main goal is to understand how the model works and its impact on economic analysis. The key findings highlight the importance of maintaining balance between different sectors in the model to ensure accurate results.