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Measuring the Impact of Infrastructure Systems Using Computable General Equilibrium Models

  • Zhenhua ChenEmail author
  • Kingsley E. Haynes
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

With the advancement of computational technology and applied modeling platforms, the Computable General Equilibrium (CGE) model has been widely adopted for impact assessment. Current CGE modeling techniques enable analysts to achieve robust impact simulation through capturing heterogeneous regional economic structures and dynamic interactions of economic activities. However, key issues related to the sensitivity of exogenous parameters and the underpinnings of tracking policy shocks are not yet well understood. This essay addresses these critical concerns using empirical studies of transportation infrastructure as an example. Our purpose is to promote a reconsideration of the fundamentals of CGE modeling and suggest directions for future research.

Keywords

Computable General Equilibrium Computable General Equilibrium Model Dynamic Stochastic General Equilibrium Social Accounting Matrix Global Trade Analysis Project 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.City and Regional PlanningThe Ohio State UniversityColumbusUSA
  2. 2.Schar School of Policy and GovernmentGeorge Mason UniversityArlingtonUSA

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