Applications of Random-Utility-based Multi-region Input-Output Models of Transport and the Spatial Economy

Chris Bachmann, Chris Kennedy and Matthew J. Roorda

Transport Reviews, 2014, vol. 34, issue 4, 418-440

Abstract: An introduction to random-utility-based multiregional input-output models used for the purpose of spatial economic and transport interaction modelling is provided. The main methodological developments and important results of a dozen applications from the years 1996-2013 are described. This is followed by an outlook of potential future directions. Further research is mainly needed in five areas: (a) overall validation of the method, perhaps through back-casting applications on infrastructure plans with observed trade impacts; (b) extensions of trade coefficient models to add realism and improve accuracy; (c) the use of multi-scale modelling to capture interdependencies between geographical scales and to improve the representation of exports and imports; (d) improvements in the representation of price effects, as well as innovation and technological progress, by way of variable technical coefficients; and (e) a deeper investigation of the algorithm used to include elastic selling prices.

Date: 2014
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Citations: View citations in EconPapers (4)

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DOI: 10.1080/01441647.2014.907369

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