Forward Looking and Myopic Regional Computable General Equilibrium Models. How Significant is the Distinction?

Patrizio Lecca, Peter McGregor and John Swales ()

No 2012-62, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: We present a stylized intertemporal forward-looking model able that accommodates key regional economic features, an area where the literature is not well developed. The main difference, from the standard applications, is the role of saving and its implication for the balance of payments. Though maintaining dynamic forward-looking behaviour for agents, the rate of private saving is exogenously determined and so no neoclassical financial adjustment is needed. Also, we focus on the similarities and the differences between myopic and forward-looking models, highlighting the divergences among the main adjustment equations and the resulting simulation outcomes.

Keywords: Myopic and Forward-looking Behaviour; Computable General Equilibrium Models; Regional Adjustment (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10943/367
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: Forward-looking and myopic regional Computable General Equilibrium models: How significant is the distinction? (2013)
Working Paper: Forward Looking and Myopic Regional Computable General Equilibrium Models. How Significant is the Distinction? (2011)
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: https://EconPapers.repec.org/RePEc:edn:sirdps:367

Access Statistics for this paper

More papers in SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE) 31 Buccleuch Place, EH8 9JT, Edinburgh. Contact information at EDIRC.
Bibliographic data for series maintained by Research Office ().