 An Application of an Integrated Transport Network- Multiregional CGE Model: a Framework for the Economic Analysis of Highway ProjectsEuijune Kim, Geoffrey Hewings and Chowoon Hong Economic Systems Research, 2004, vol. 16, issue 3, 235-258 Abstract: This paper develops a framework for the economic analysis of highway projects that is then used to estimate the dynamic economic effects of a highway project on the economic growth and the regional disparity in Korea. The framework is composed of a transport model and a multiregional Computable General Equilibrium (CGE) model. The transport model measures a change in interregional shortest distances and the accessibility due to the highway project. The CGE model estimates the spatial economic effects of the project on GDP, the price, exports, and the regional distribution of wages and population. The simulation allows policy makers to determine which highway development deserves the priority for investment, based on consideration of economic growth and regional economic equity in the long run. The simulation found that all the highway projects have positive effects on GDP and export growth as well as regional equity in terms of wage and population. Keywords: CGE model; income distribution; regional inequality; regional investment policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ecsysr:v:16:y:2004:i:3:p:235-258 Ordering information: This journal article can be ordered from DOI: 10.1080/0953531042000239356 Access Statistics for this article Economic Systems Research is currently edited by Bart Los and Manfred Lenzen More articles in Economic Systems Research from Taylor & Francis Journals |
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