Modelling Inter-Regional Trade Flows: Data and Methodological Issues in Rhomolo

Arbeitspapier

The present paper studies the modelling of inter-regional trade flows in the newly developed general equilibrium model of European Commission, Rhomolo. In contrast to international trade, usually, trade of goods and services between regions is not recorded statistically. As a result, no statistical data exists for inter-regional trade, which could be readily used for modelling purposes. We propose an augmented entropy approach, which combines the Transtools model’s inter-regional trade and inter-regional transport cost data with data from regional and national statistics to obtain a full set of balanced bilateral trade data for all inter-regional transactions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: EERI Research Paper Series ; No. 31/2009

Classification and Topics

• Classification: Wirtschaft ; Computable General Equilibrium Models ; Trade: General ; Economic Integration ; Trade: Forecasting and Simulation ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes ; Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
• Subject: Inter-regional trade ; general equilibrium ; trade costs ; entropy ; economic geography spatial equilibrium ; DSGE

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ivanova, Olga ; Kancs, d'Artis ; Stelder, Dirk
• Event: Veröffentlichung
• (who): Economics and Econometrics Research Institute (EERI)
• (where): Brussels
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/142563
• Last update: 10.03.2025, 11:41 AM CET