Development of a large-scale single U.S. region CGE model using IMPLAN data: A Los Angeles County example with a productivity shock application

James Giesecke

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: This paper details the construction of a large-scale computable general equilibrium (CGE) model for a single U.S. region. The model contains detailed treatment of margins and taxes, features not typically given prominence in U.S. regional CGE models. The starting point for the core of the CGE model's data base is information from IMPLAN, producers of regional I/O data at the U.S. county and state levels. IMPLAN's I/O tables, however, are in producer prices with aggregated treatment of margins and taxes. The methods for reconfiguring the I/O data into basic price flows with direct allocation of imports and a disaggregated treatment of taxes and margins are described. The method is applied to construction of a Los Angeles County model. An illustrative simulation of a productivity improvement in the Los Angeles County economy is then discussed.

Keywords: CGE; IMPLAN (search for similar items in EconPapers)
JEL-codes: C68 R13 R15 (search for similar items in EconPapers)
Date: 2009-08
New Economics Papers: this item is included in nep-cmp, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in Spatial Economic Analysis, 2011, Vol. 6(3), pp. 331-350.

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Journal Article: Development of a Large-scale Single US Region CGE Model using IMPLAN Data: A Los Angeles County Example with a Productivity Shock Application (2011)
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