Forward looking dynamics in spatial CGE modelling

Arbeitspapier

This paper sets up a multiregional dynamic framework by combining the optimal savings model with investment adjustment costs and the spatially disaggregated model with Dixit-Stiglitz structure in the modern sector. Because of increasing product diversity on the dynamic equilibrium path, the model belongs to the category of semi-endogenous growth models. The distinction of goods, factors, firms, and households by location, and the incorporation of trade costs in the model allow to study a variety of issues in regional and transport economics. We describe the model calibration and a taylor-made solution algorithm. The functionality is demonstrated using two illustrative examples.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Kiel Working Paper ; No. 1731

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Computable General Equilibrium Models ; Computable and Other Applied General Equilibrium Models ; One, Two, and Multisector Growth Models ; General Equilibrium and Welfare Economic Analysis of Regional Economies
• Thema: spatial dynamic CGE modeling ; multiple optimizing agents ; transport costs

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bröcker, Johannes ; Korzhenevych, Artem
• Ereignis: Veröffentlichung
• (wer): Kiel Institute for the World Economy (IfW)
• (wo): Kiel
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/52419
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ