Economics at your fingertips  

A Large-Scale Dynamic Multi-Regional CGE Model with an Illustrative Application

James Giesecke and John Madden ()

Chapter 6 in Computable General Equilibrium Approaches in Urban and Regional Policy Studies, 2006, pp 83-111 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis paper describes FEDERAL-F, a large-scale general-purpose multiregional computable general equilibrium model. The model is dynamic and can be used for forecasting, policy analysis and historical analysis. Large-scale CGE models are commonly used in Australia and play a central role in policy analysis. In this paper, we provide an overview of the core of FEDERAL-F's equations via a stylized representation that expresses the model's equations in functional form. An illustrative application demonstrating the power of the model is undertaken. It demonstrates that a feasible state government fiscal policy to halt Tasmania's declining share of national GDP does not exist.

Keywords: Computable General Equilibrium (CGE) Model; Social Accounting Matrix (SAM); Urban and Regional Policies (or Urban and Regional Policy Evaluation); Each Industry's Market Clearance; Structural and Long-Term Policy Impacts (search for similar items in EconPapers)
JEL-codes: E5 E6 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

Page updated 2020-07-01
Handle: RePEc:wsi:wschap:9789812707116_0006