Conjoining an Input-Output Model and a Policy Analysis Model: A Case Study of the Regional Economic Effects of Expanding a Port Facility

B H Stevens, G I Treyz and J K Kindahl
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B H Stevens: Regional Science Research Institute, 256 North Pleasant Street, Amherst, Massachusetts 01002, USA

Environment and Planning A, 1981, vol. 13, issue 8, 1029-1038

Abstract: A 484-sector Massachusetts static input-output (MIO) model is conjoined with the Massachusetts Economic Policy Analysis (MEPA) model which includes supply relationships, industrial location responses to changing costs, and a production function allowing substitution among inputs. This makes it possible to draw upon the distinctive features of both models. The technique is demonstrated by a study that analyzes the effect on the Massachusetts economy of the expansion of a container port facility at Boston. The approach presented here has general applicability to policy analysis and planning studies that require both the detailed regional interindustry interactions captured by a disaggregated input-output model and the cost, price, supply, location, and demand interdependencies which are endogenous in the best regional forecasting and policy simulation models.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:13:y:1981:i:8:p:1029-1038

DOI: 10.1068/a131029

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