Linking CGE and specialist models: Deriving the implications of highway policy using USAGE-Hwy

Peter Dixon, Maureen Rimmer and Robert Waschik

Economic Modelling, 2017, vol. 66, issue C, 1-18

Abstract: Scientists/engineers create specialist partial-equilibrium models of energy, environment and transportation. We show how technical information from such models can be transferred into a CGE model. We illustrate the approach by describing the creation and application of USAGE-Hwy which combines USAGE, a CGE model of the U.S., with HERS, a specialist highway model. USAGE-Hwy translates micro information from HERS on the effects of highway expenditure programs into implications for GDP, employment, and the trade-off between current and future living standards. Combination models such as USAGE-Hwy bring scientific/engineering information into the economic domain, facilitating its use in policy discussions.

Keywords: Linked modelling; CGE modelling; Highway modelling; Highway spending policy (search for similar items in EconPapers)
JEL-codes: C68 L92 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:66:y:2017:i:c:p:1-18

DOI: 10.1016/j.econmod.2017.04.022

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