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Regional Computable General Equilibrium models: A review
Journal of Policy Modeling ( IF 2.727 ) Pub Date : 2021-04-28 , DOI: 10.1016/j.jpolmod.2021.03.005
Ziad Ghaith , Suren Kulshreshtha , David Natcher , Bobby Thomas Cameron

Computable General Equilibrium (CGE) models are very popular for analyzing a wide range of policy issues. CGE applications vary from estimating the welfare impact of tax reform and alternative energy policies to the effect of foreign trade reforms, labour markets and employment. CGE models are commonly developed at the country level; however, modified versions of CGE, so called Regional CGE (RCGE) models, can be used at subnational disaggregation to examine impacts studied at the national counterparts on a specific region. RCGE models have grown in popularity as an alternative to the Input-Output (I-O) models, which are regularly used for regional analysis. RCGE models can provide comprehensive information, which make them more desirable analytical models for many researchers. Yet, RCGE models have not yet become a “go-to” for governmental policy practitioners when they are developing regional public policies. This paper reviews the current state of regional CGE models, describes their features, contributions and limitations and surveys some applications of the main three classes of RCGE models: region-specific, bottom-up, and top-down models. This paper concludes that the applications of RCGE are quite variable and flexible, with a new and more complex type of application to be developed with the advancement of computation economics. The paper offers recommendations on the micro, meso and macro conditions that are necessary to increase policy practitioners’ utilization of RCGE models.



中文翻译:

区域可计算一般均衡模型:综述

可计算一般均衡 (CGE) 模型在分析各种政策问题时非常流行。CGE 应用范围从估计税收改革和替代能源政策的福利影响到外贸改革、劳动力市场和就业的影响。CGE 模型通常在国家一级开发;然而,CGE 的修改版本,即所谓的区域 CGE (RCGE) 模型,可用于地方细分,以检查在特定区域的国家对应机构所研究的影响。RCGE 模型作为输入-输出 (IO) 模型的替代品越来越受欢迎,IO 模型经常用于区域分析。RCGE 模型可以提供全面的信息,这使得它们成为许多研究人员更理想的分析模型。然而,RCGE 模型尚未成为政府政策从业者制定区域公共政策时的“首选”。本文回顾了区域 CGE 模型的现状,描述了它们的特征、贡献和局限性,并调查了主要三类 RCGE 模型的一些应用:区域特定、自下而上和自上而下模型。本文得出的结论是,RCGE 的应用非常多变且灵活,随着计算经济学的进步,将开发出一种新的、更复杂的应用类型。本文就提高政策从业者对 RCGE 模型的利用所必需的微观、中观和宏观条件提出了建议。描述了它们的特征、贡献和局限性,并调查了主要三类 RCGE 模型的一些应用:特定区域、自下而上和自上而下模型。本文得出的结论是,RCGE 的应用非常多变且灵活,随着计算经济学的进步,将开发出一种新的、更复杂的应用类型。本文就提高政策从业者对 RCGE 模型的利用所必需的微观、中观和宏观条件提出了建议。描述了它们的特征、贡献和局限性,并调查了主要三类 RCGE 模型的一些应用:特定区域、自下而上和自上而下模型。本文得出的结论是,RCGE 的应用非常多变且灵活,随着计算经济学的进步,将开发出一种新的、更复杂的应用类型。本文就提高政策从业者对 RCGE 模型的利用所必需的微观、中观和宏观条件提出了建议。随着计算经济学的进步,将开发一种新的、更复杂的应用程序。本文就提高政策从业者对 RCGE 模型的利用所必需的微观、中观和宏观条件提出了建议。随着计算经济学的进步,将开发一种新的、更复杂的应用程序。本文就提高政策从业者对 RCGE 模型的利用所必需的微观、中观和宏观条件提出了建议。

更新日期:2021-06-05
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