Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy
ISBN:
978-3-319-58864-3
Auflage:
1st ed. 2017
Verlag:
Springer International Publishing
Land des Verlags:
Schweiz
Erscheinungsdatum:
14.08.2017
Herausgeber:
Reihe:
Advances in Applied General Equilibrium Modeling
Format:
Hardcover
Seitenanzahl:
236
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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.
Schlagwörter
Fiscal Federalism
Social Accounting Matrix
Drought Impacts
Urban Economic Impacts
Adverse Events
Congressional Districts
County Representation
Top-down v Bottom-up Modeling
National Database Modifications
Education Exports
Regional Household Consumption
Transmission and Distribution
Paths of Adjustment
Dynamic Regional CGE Modeling
Biografische Anmerkung
Prof. Glyn Wittwer is a regional dynamic CGE modeling expert. He has played a major role with Mark Horridge in developing databases for TERM versions in several countries. He edited the Springer volume Economic Modeling of Water (2012) and contributed the majority of chapters in the volume. He has extensive consulting experience. His list of projects includes dynamic, multi-regional CGE modeling in Australia, China and the United States. These includes modeling of the impacts of major dam and transport projects, drought and water trading, flood, hypothetical plant disease scenarios, productivity scenarios, wine tax scenarios, major mine construction projects and industry closures.
