“…That the projected effects are small should not be 16 Bottoms-up modelling with little or no industry detail has been undertaken by many authors, e.g., Groenewold et al (2003) and Kim and Kim (2003). Bottoms-up modelling with industry detail was pioneered by Liew (1984). For a recent example of a bottoms-up modelling with industry detail see Horridge et al (2005). surprising.…”
We describe a tops-down method for regionalising results from a detailed national CGE model. Using a 500-industry U.S. model, we generate macro and industry effects of removing major U.S. import restraints and translate these effects into employment results for U.S. states. Our results indicate that for most industries, the output change would be negligible but for sugar, butter and several textile industries output contractions would be large. The state employment changes are all between - 0.5 and 0.2 percent. We explain the results by elementary mechanisms in a way that does not require prior knowledge of the underlying CGE model. Copyright (c) 2007 the author(s). Journal compilation (c) 2007 RSAI.
“…That the projected effects are small should not be 16 Bottoms-up modelling with little or no industry detail has been undertaken by many authors, e.g., Groenewold et al (2003) and Kim and Kim (2003). Bottoms-up modelling with industry detail was pioneered by Liew (1984). For a recent example of a bottoms-up modelling with industry detail see Horridge et al (2005). surprising.…”
We describe a tops-down method for regionalising results from a detailed national CGE model. Using a 500-industry U.S. model, we generate macro and industry effects of removing major U.S. import restraints and translate these effects into employment results for U.S. states. Our results indicate that for most industries, the output change would be negligible but for sugar, butter and several textile industries output contractions would be large. The state employment changes are all between - 0.5 and 0.2 percent. We explain the results by elementary mechanisms in a way that does not require prior knowledge of the underlying CGE model. Copyright (c) 2007 the author(s). Journal compilation (c) 2007 RSAI.
“…Cheaper imports or increased demand for US exports 5 Simulation of state-level changes requires a "bottoms-up" approach where a national economy is modeled as a group of inter-connected state economies. The theoretical structure of bottoms-up regional models is similar to that of world models such as GTAP (Hertel 1997), see for example Liew (1984). For an analysis of US regional issues in an applied general equilibrium framework, see Canning and Tsigas (2000) and Das et al (2005).…”
Section: State-level Effects Of Increased Tradementioning
“…In this "bottom-up" type of multiregional CGE model, national results are driven by (ie, are additions of) regional results. Liew (1984), Madden (1989) and Peter et al(1996) describe several Australian examples. Dynamic versions of such models have followed (Giesecke 1997).…”
Section: Progress In Australian Regional Economic Modellingmentioning
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