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Spatial computable general equilibrium modelling: static and dynamic approaches
KTH, School of Architecture and the Built Environment (ABE), Transport and Economics, Transport and Location Analysis.
2005 (English)Licentiate thesis, comprehensive summary (Other scientific)
Abstract [en]

This thesis concerns both static and dynamic modeling in a spatial computable general equilibrium setting. First, we have applied a static framework for the assessment of economic impacts of the Öresund bridge. Secondly, we make an attempt to enhance the static framework through the introduction of economic dynamics.

In the first paper we study the economic impacts of the Öresund bridge. We aim to quantify regional welfare effects as well as effects on regional production and trade. We calibrate a static spatial computable general equilibrium model to economic data representing the Öresund region. In particular we have calibrated a pre-bridge barrier parameter which enables us to study possible barrier reduction effects from the bridge. We present results both as effects of cross strait transport cost reductions and of barrier reductions. It is found that the potential impacts of removing barriers to trade may outweigh the impacts solely due to reduced transport costs.

In the second paper we consider different specifications of a dynamic spatial computable general equilibrium model. In particular we are interested in the effects of different, commonly used assumptions on transition dynamics of such a model. We have specified models with different assumptions regarding capital mobility, the utility specification of the households and assumptions regarding perfect foresight or myopia. A number of simulations have been performed with these models in order to observe policy responses and in order to be able to make specification comparisons of the different models based on those responses. We consider the time in takes for the dynamic models to converge toward the long term steady state to be of importance for welfare assessment of policies and find that convergence may be slow depending on both the model and the policy considered.

Place, publisher, year, edition, pages
Stockholm: KTH , 2005. , v, 14, 37, 36 p.
Series
Trita-INFRA, ISSN 1651-0216 ; 05:024
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:kth:diva-484ISBN: 91-7323-130-4 (print)OAI: oai:DiVA.org:kth-484DiVA: diva2:14187
Presentation
2005-11-11, Seminarierummet, Teknikringen 78B, Stockholm, 10:00
Opponent
Supervisors
Note
QC 20101221Available from: 2005-11-10 Created: 2005-11-10 Last updated: 2010-12-21Bibliographically approved
List of papers
1. Economic Effects of the Öresund Bridge - A spatial computable general equilibrium analysis.
Open this publication in new window or tab >>Economic Effects of the Öresund Bridge - A spatial computable general equilibrium analysis.
(English)Manuscript (preprint) (Other academic)
National Category
Economic Geography Economics
Identifiers
urn:nbn:se:kth:diva-24037 (URN)
Note
QC 20100811Available from: 2010-08-11 Created: 2010-08-11 Last updated: 2010-12-21Bibliographically approved
2. Dynamic Spatial CGE Frameworks - Specifications and simulations
Open this publication in new window or tab >>Dynamic Spatial CGE Frameworks - Specifications and simulations
(English)Manuscript (preprint) (Other academic)
National Category
Economic Geography Economics
Identifiers
urn:nbn:se:kth:diva-24038 (URN)
Note
QC 20100811Available from: 2010-08-11 Created: 2010-08-11 Last updated: 2010-12-21Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf